May 04

An Uptick in Housing Starts Matters to Buyers

An Uptick in Housing Starts Matters to Buyers

 

An Uptick in Housing Starts Matters to Buyers

An Uptick in Housing Starts Matters to Buyers

Your home buyers may want to look more closely at the housing starts numbers, even if they don’t intend to buy new.

Housing starts, or the number of new homes that builders have begun construction on, tend to follow a seasonal pattern—increasing in the spring, peaking in the summer, receding in the fall, and dropping to their lowest levels in the winter.

An increase in housing starts should make for good news for home buyers.

“Housing starts, when they are completed, add supply [and in turn] reduce upward pressure on new-home prices and may even reduce them,” says Andres Carbacho-Burgos, a senior economist at Moody’s Analytics.

Therefore, even if buyers aren’t buying new, they can still benefit from a healthy level of housing starts, says Danielle Hale, managing director of housing research at the National Association of REALTORS®. A high number of homes, whether old or new, will decrease prices for all homes, she notes.

Housing starts have been in gradual recovery mode the last few years. In 2016, starts were at 1.23 million units.

“We’re relatively optimistic” for 2017, says Carbacho-Burgos. “By the end of 2017, we expect housing starts to be closer to 1.7 million,” a 10 percent increase from a year earlier.

Source: “What Are Housing Starts, and Why Should Home Buyers Care?” realtor.com® (May 1, 2017)

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.