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Housing Starts way up in 2012

Wednesday, January 23, 2013   /   by Martin Millner

Housing Starts way up in 2012

When the Real Estate market crashed in 2005-2006, new home construction ground to a halt.  This occurred all over the country, not just here in Bucks County.


This drag on the Real Estate market and the economy has turned a corner.  Growth in this sector is the latest sign that the housing market is gaining strength.  In 2012, builders started work on 780,000 new homes – a 28.1% increase from 2011.


A bonus in the recovery of the market is in the jobs market.  More new home building equals construction jobs. 


For the economy to recover, the housing market needs to recover.  Housing starts, along with low mortgage rates, shrinking inventory in the housing resale market are critical to recovery and a step out of the nation’s financial crisis.


In Bucks County, there are currently 39 developments that are building new homes, with prices ranging from the mid $200’s up to $2.4 million.  All of this new construction provides more inventory to choose from and is adding jobs to the local economy.


As the chart below shows (for Doylestown), inventory of all homes is down, and prices are going up.  It is a perfect time for new home builders to get in the market and bring the inventory numbers up, while still providing affordable homes.  The ratio of inventory to price is consistent throughout Bucks County.


price inventory


If you are looking to purchase Real Estate in Yardley, Newtown or Doylestown, please visitour Featured Homes section for wonderful properties or search the Multiple Listing Service for all available listings. We’ll help you find your perfect home.

Keller Williams Real Estate - Newtown
Martin Millner
12 Terry Drive, Suite 204
Newtown, PA 18940
215-519-1399
215-519-1399

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“The data relating to real estate for sale on this website appears in part through the TREND Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Platinum Realty Team participates, and is provided by TREND through a licensing agreement.”

“The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.”

Data last updated:June 21, 2024 “Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.” “Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.” Data Last Updated: June 21, 2024

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Martin Millner - Coldwell Banker Hearthside Realtors participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. © 2024 BRIGHT, All Rights Reserved Information Deemed Reliable But Not Guaranteed. Data last updated: June 21, 2024 11 PM.
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