Real Estate Little Known Indicators

Real estate development is back up an running.  Builders are in full swing, developing master planned communities all across the United States.

Buyers that sat on the fence are feeling more certain about the real estate economy.  More and more buyers are secure with their own individual financial portfolio despite the fact that Lenders are more strict and have tightened up their lending conditions. 

According to the US Department of Housing and Urban Development along with the US Census Bureau, nationwide housing production rose 22.7%.  That's a rate of 1.09 million. 

Building permits are a good indicator of all the building activity that's going on.  Total building permit issuance increased 7.8% in the Northeast part of the country and fell 7% in the South, 0.4% here in the West and 0.6% in the Midwest.  Although activity did fall 3.1% to 1.007 million units in November.  With the decline this was the 2nd month that new permits issuance went over a million.

Not only are builders developing more single family and multifamily homes, starts are at a 5 year high.  This is yet another indicator of our economic real estate recovery.  When the government shutdown took place the real estate market took a hit with increased interest rates.  However, as we move forward into 2014 we will see a gradual growth in real estate sales all across the United States.

If you are looking to purchase in a new home in a master planned community,  here in the San Diego real estate market, please visit my website...... www.allhomesinsandiego.com