Building is up 3.6% in October, the highest pace of new home construction since 2008. Recent builder surveys have showed optimism and productivity, and these numbers only confirm their predictions. With low mortgage rates and even more attractive prices, buyers and builders are taking advantage. Throughout the country, the market is making a slow but steady recovery.
The only bad news from the report was a 6.5 percent decrease in home sales in a post-Sandy Eastern corridor.