Over the last several months, we have continued to see positive signs in the building industry. Home prices are rising, building permits are increasing, and the market is seeing a renewed interest in real estate as a sound investment. A a Custom Home Builder here on Cape Cod, our experience has been much the same. Demand for Custom Homes, Renovations, and Remodeling have increased dramatically over the last 4-5 months. As the market recovers, people have found the ability to mitigate the risk associated with building a home on Cape Cod, given the fact that mortgage rates are low, property values have settled and become stable. This is an exciting time for builders across the country, especially for those who had the financial strength to weather the storm. Meanwhile, there have also been significant advancements over the last couple of years in building technologies, materials, and techniques that have allowed new homes to be built quickly and efficiently.
Here is an article from Builderonline.com that looks at the increase in residential construction across the country: http://www.builderonline.com/economic-conditions/signs-of-life.aspx