A building boom is here
While home construction is up only slightly nationwide‚ the Northeast is experiencing a building boom. From the Commerce Department’s latest report1:
- As weather improved‚ homebuilding in the Northeast came alive. Housing starts spiked 84.6% from March to April.
- Nationwide‚ homebuilding was up 5.7% in April.
- For single-family homes‚ construction rose 6.2%.
As the #1 mortgage company in Greater Lexington for 17 consecutive years‚ Capstone is here to provide guidance and support.
1“Housing starts surged 84.6% in the Northeast‚” Boston.com Real Estate‚ last updated May 19‚ 2019.
