The National Association of Home Builders is a group that compiles information on the building industry in the United States. Their statistics are even used by lawmakers to make decisions regarding the economy. This month, they show a 1.5% increase in the number of new homes being bought by the American Public.
For those of you who aren’t quite sure what that means, basically they’re say builders all over the country are starting to sell more homes and are increasing the number of permits they’re applying for.
This number is another strong reminder that the economy is turning. What does it mean for you? Well a healthy economy means the low interests rates we’ve become accustom to may not last as long as we’d like to see them. Prices will start to rise as demand for inventory increases.
So strike while the iron is hot and contact the Taylor Stucki Realty Group today and get your low interest rate locked in before the economy improves enough to force these indicators higher!