by Myles Biggs
Yesterday, new data released by the Census Bureau and the
Department of Housing and Urban Development showed that new home sales in April
climbed to an impressive 454,000 homes; a remarkable 20% increase from the
year-ago estimate of 352,000 new homes. These numbers represent the second
highest levels since the summer of 2008.
As mortgage rates continue to hover near historic lows, new
home sales should also continue to increase. Other factors such as increased employment
rates, income growth and stock market gains will also positively affect these
As we continue towards the summer months, and the prime home
building season, the demand for housing should continue to increase. If the
supply of available homes continues to remain tight, many home owners will choose
to build, instead of buy their new home.
If you are a home owner interested in moving into your new
custom home as fast as possible, the advantages
of modular construction may be the answer to your building questions.
Looking for more information about modular homes? Contact
us or drop us a line in the comments section below.