So all signs are pointing to a resurgence of a strong housing and residential real estate market. Inventories are low, demand is increasing, and credit is available and inexpensive. After spending several years in a stagnant "correcting" market, builders are seeing demand for new homes. As a custom builder on Cape Cod, we often look to news like this to forecast our demand for the coming year. This stabilization of the housing market means that existing homes are selling at a reasonable price and time period, which is important, as many of our customers are waiting to sell their existing homes before they invest in their retirement home on Cape Cod. As the market pace increases, so will demand for materials and labor, which will begin to increase over the next year or so. Bottom line: Now is a great time to build!!
Here is the complete article from FoxBusiness: http://www.foxbusiness.com/economy/2012/05/09/as-housing-sector-recovers-signs-sustainability-emerge/