New Construction Slump Continues and No End In Sight

http://www2.timesdispatch.com/business/business/2011/jan/20/TDBIZ01-year-end-housing-data-show-recovery-is-far-ar-785871/

Current indicators are leading economists to believe we are still years out from a healthy new construction market for builders.

"Homebuilders broke ground on a total of 587,600 homes in 2010, just slightly better than the 554,000 started in 2009, the Commerce Department reported Wednesday. Those are the lowest annual totals on records dating back to 1959."

"In a healthy economy, homebuilders break ground on more than 1.5 million units a year."

People are still waiting for the real estate market to hit "rock bottom"...with that said, if you know you want to build your next home, your financial house is in order, and you plan on being there for some time, this may be the time to build your dream home. Builders are offering more incentives than ever and offering fantastic prices on new construction. Let me know if I can be of assistance in any capacity!