The United States has been experiencing a historic lack of inventory in the market for quite some time—and in order to meet the growing demand for property, builders have been increasing their activity.

According to a recent report, all of that new construction is starting to pay off.

According to the Census Bureau’s most recent New Residential Sales report, sales of new homes in the US hit 629,000 in August. That’s up 3.5% from July—and 12.7% from August 2017—making August the second month in a row of double-digit, year-over-year growth (new home sales were up 12.8% in July).

The Takeaway

The increase in new homes sales is an indicator of an increase in new homes available in the market. So if you’ve been thinking about buying a home but have been waiting for inventory to increase, now may be a good time to make a move.

Should You Hire An Agent When Buying New Construction?
A guide on how to protect your best interests

Gil and Terry Guaderrama
Your Local Real Estate Experts

Should You Hire An Agent When Buying New Construction?

Should You Hire An Agent When Buying New Construction?
A guide on how to protect your best interests

Gil and Terry Guaderrama
Your Local Real Estate Experts

Before you even step foot in a builder’s model home, it’s a good idea to get a handle on why they might push you to not use an agent — and what you should be aware of whether you use an agent or not. This free booklet will empower you to make the right decision for your particular situation. If you’d like a free copy, just entering your information below, and it will be automatically sent to your email address.

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