US Housing Construction up 15% in September

I read an interesting article today in the finance section on Yahoo.  It discusses how builders in our country started construction on single family homes at the fastest rate since July of 2008.  This is great news to the many buyers I am working with as inventory levels are at the lowest levels that I can remember.  Simple economics tells you that when supply levels are low and demand is high, we will have multiple offer situations.  And, new construction really does affect the market as a whole.  If buyers cannot find that new home they tend to shift gears toward a resale home.  Hopefully, things stabilize in the near future and we get back to a “normal” market.