According to the US Department of Housing and Urban Development and Census Bureau, the number of new homes being built has risen more than three (3) percent since last year.
However, while single family construction is on the rise, multi-family construction projects like condominiums and apartment homes have dropped drastically, approximately twenty five (25) percent. This is due primarily to financing.
Although home loans are difficult to obtain they are still available, unlike funding for commercial projects which remains somewhat dry.
Tags: construction, Real Estate, Residential
