November 22, 2024 3:59 pm
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What slowing new home construction means for the housing market

By Clare Trapasso | realtor.com

New home construction slowed in April 2017 from the previous month.

Although more home buyers eagerly seeking the dwellings of their dreams, fewer new homes are in bloom this spring.

In not-so-promising signs for the housing market, permits to build new abodes, housing starts, and the number of new homes completed dipped in April from the previous month, according to the seasonally adjusted numbers in the latest residential sales report. The report is jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development.

(Seasonally adjusted numbers means they have been smoothed out to account for fluctuations over a 12-month period.)

Continued:

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.