Feel good headlines today about the housing market with the release of April data for new home starts. There was a big surge compared with February and March — not surprisingly given the improved weather.
There is lots of economic and builder-related stock pricing info in this article. But read to the bottom line and here’s what you find:
“Total housing starts remain far below an average pace of about 1.5 million over the 20 years leading up to the housing bubble’s 2006 peak.” via Housing starts surge 20% in April – MarketWatch.
So this report remains consistent with my view that 2015 will not be a bad year for home sales, but it won’t be a banner year either.
To learn more about Flagstaff home sales, contact The Elite Team at RE/MAX Peak Properties.