More new homes in the pipeline

new homes

new homesBy Clare Trapasso | realtor.com

The number of new homes going up rose in February 2016, but the number of new permits were down, according to a recent report.

More homes are sprouting up across the United States—and the sound of those jackhammers and excavators at work should be music to the ears of aspiring home buyers growing ever more frustrated by the dearth of houses on the market.

Builders began construction on 1,178,000 new homes across the country last month, up a staggering 30.9% from February 2015, according to the seasonally adjusted numbers in the U.S. Department of Commerce’s monthly new residential construction report. The number of new homes under construction also rose 5.2% from January.

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