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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.