Homebuilding On the Rise Nationally
Recent data indicates that homebuilding in the U.S. probably climbed in March, marking the best quarter since 2008 and indicating the real-estate industry has steadied. Housing starts increased to a 705,000 annual rate last month from a 698,000 pace in February, according to the median estimate of 82 economists surveyed by Bloomberg News. Starts probably averaged 703,000 in the first three months of 2012, the most since the third quarter of 2008.
Here in Anne Arundel County, Gate One Builders is seeing a similar trend, with a noticeable increase in activity in the housing construction market. In addition, interest in additions and renovations continues to be strong (with plenty of historic renovation projects in places like downtown Annapolis). If you are considering new home construction or are planning a renovation or addition, give us a call!