Hundreds of new homes planned for South Florida

Builders are planning the construction of hundreds of new homes in Broward, and Palm-Beach. The reason behind it is the confidence that has come from recent homes sales and activity in the housing market.

Many home builders have decided that this is a prime time to get back into building new homes. Some home builders have even reported an increase of up to 14% in homes sales as compared to the previous year.

While new home starts are not comparable to those in 2005, signs of growth are present. Nationally there are 183,000 new homes for sale, a record low.

Builders have started making products for buyers who don’t want to bother with short sales and foreclosures. A lot of the resale homes are often in poor condition and what’s more the sales can take months to complete.

As people turn away from resale homes more new homes must be built to accomodate buyers.