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A Steady and Consistent Improvement in the Housing Market

The numbers have proven a continuing increase in the building and sales of homes in the United States. Also, the supply of homes on the market has plunged to 2.3 million, the lowest level the US has seen in 6 years. Fewer homes on the market could help bolster prices over time, another reason for buyers who are in the market for a home to act now.

“The rise in existing home sales in recent months adds to the indication from housing starts, building permits, and homebuilder sentiment that the sector has improved modestly since the middle of 2011,” said John Ryding, an economist at RDQ economics.

These trends are obviously upward. Single-family home sales rose 3.8 percent in January, also a positive sign. And the number of first-time buyers, who are critical to a housing recovery, increased slightly to make up 33 percent of all sales ( New York Times ). 

Home sales have risen close to 13% over the last six months. The turn around of the housing market is not going to happen over night but statistics have proven a continuous and consistent improvement in the sales and building of new homes in the US.

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