RSS

More Reports Support Improving Real Estate Market

18 Jun

Although we have about 13 months worth homes on the market (our inventory for sale), the Associated Builders and Contractors (ABC) are reporting that they currently have 6 months worth of homes to build (this is their construction backlog). Homes sales have been increasing for 8 straight months. Buyer confidence seems to be improving. But it is still too early to tell if this activity will continue through 2011.

On the other hand, non-residential construction usually trails over all economic recovery by about 12 – 24 months. High vacancy and tight credit are holding the commercial real estate market down. But with residential backlog showing early signs of recovery, non-residential will follow if the trend continues.

 
Leave a comment

Posted by on June 18, 2010 in Uncategorized

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

 
%d bloggers like this: