[ Orginally posted February 22, 2010 ]

In January 2010, nationwide housing starts was at its highest level in a 6 month period. Builders are starting to see positive impacts of some of the incentive programs such as the first time home buyer tax credit.

Helping builders has been a more stabilized market as well as an increase in financing and better rates. These conditions have helped buyers come to builders and enjoy the benefits of buying new homes. However, builders have noted that they still struggle to get financing on the construction of the units. So while there is an increase in overall building, the limited financing is keeping the new homes from really taking off.

Overall, single-family starts were up 1.5% while multi-family starts posted a 9.2% gain. Multi-family generally covers condos and towhomes. The western region of the US posted a an 8.5% gain compared to the same time last year. In fact, the west posted pure gains while the rest of the country posted losses.

With the western part of the country posting all the gain's and with tall the tax credits, it's easy to see that now is a great time to investigate buying new construction. Give us a call, we have access to many builders inventory and we can help you find a new construction that would be a good fit for you.