Home Starts Increase to Highest Level in 4 Years: Perfect Time to Purchase Orlando New Home
The future is looking bright for the housing market as U.S. home starts in October jumped to the fastest pace in four years. An increase in new home construction and applications for building permits is a sign of builder confidence in the recovering housing market. If the builders are confident, then you should be confident that now is a great time to purchase an Orlando new home.
A key factor to the recovering housing market is a gradually improving economy, which has increased the number of people looking for homes. At the same time, fewer resale homes are on the market, interest rates remain low, and rents are rising which makes the purchase of a home more attractive.
As new homes are built to accommodate the increase in home buyers those new homes also help to further boost the economy. Each home built creates an average of three jobs for a year and generates about $90,000 in tax revenue according to the National Association of Home Builders/Wells Fargo.
At Highland Homes we are excited about the improvements in the housing market and are currently building in more than 25 communities throughout central Florida. With 40+ home designs to choose from, you are sure to find the perfect new home in Tampa, Orlando, Winter Haven or Lakeland. Our single-family homes are affordably priced from the low-$100,000s and qualified buyers have the opportunity to move into their new home for only $99 down.
The housing market is consistently getting better and the time to purchase a new home is now. For more information on all of our beautiful new homes in Florida, visit www.highlandhomes.org.