Positive sign for home building
Although no one wants to see the prices go up for homes, at least those who are buying or building them, this is a positive indicator that home building and construction are looking up:
Via Marketwatch - After all, U.S. housing starts posted their lowest annual figure since 1945, slumping to 554,000 units in 2009 -- the same year in which some experts said lumber demand dropped to the lowest point in modern history. See story on December housing starts.
But there's a bigger story here that involves everything from actual and expected demand from China and Haiti, to the impact of global stimulus measures and production cutbacks in a market that has supposedly suffered along with the globe's major economies.
At first glance, the lumber market doesn't appear very miserable. Charts show that futures prices for lumber climbed to a high above $280 per 1,000 board feet
I will be one of the first to predict local home building will begin to recover in March of 2010 here in Northwest Indiana and we should have our best year since 2006.
If you are looking for a home builder in Northwest Indiana, let's talk financing and your options first. Then I'd be glad to give some pointers on choosing that home builder, I have more than a little experience there.
Steve
219-465-8352
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1 comments:
My cousin is currently looking for a new home, and he's so excited about it. It's a good thing that the housing market is recovering, as it means more available and affordable homes for us. With everything about home building (from contractor leads to home improvement) are convalescing, people like my cousin shouldn't need to worry about not having a place to settle in.
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