Housing Market Sales and Construction Activity See Gains

Even though Capstone Realty Advisors is a commercial real estate firm that specializes in Manhattan office space, we are devoted to keeping informed about the latest news and trends in all aspects of real estate. Recently, one article in Crain’s New York Business came to my attention. It addresses the recovering housing market and the increase  in construction activity during the month of May 2012. Not only did the month of May witness an increase in home sales, but builder activity picked up considerably as well. Of course, this news bodes well for the real estate market, since a stronger housing market will potentially boost both buyer and builder confidence. Also, an increase in home construction will favor the shaky economy as well, by creating more jobs. We just hope that this increase in home sales stays the course, so that real estate can be on a consistent road to recovery. Read more here for details about the condition of the housing market, and the direction in which it might be headed.

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