Business Insider author Akin Oyedele writes about the U.S. Housing market exploding and states the facts in his recent article, read it here.
All signs point to a strong Real Estate Market recovery. Here in Southeast Georgia activity and pricing is on the rise as well. Census Bureau data showed that housing starts surged 9.8% to an annualized pace of 1.174 million, a level not seen since July 2007.
“With a nearly 30% increase in housing starts compared to June of last year, the residential market recovery is here, and it is strong and sustainable,” said Peter Ciganik, managing director of GTIS Partners, in a note Friday.
There is also a strong increase in multi-family construction starts that coincides with the residential activity increase. Inevitably, we will see the other arms of Commercial Real Estate begin to expand as well.
For those Commercial Real Estate investors looking to buy while there are still opportunities for up-side, contact Driggers Commercial Group for your Brokerage and Appraisal needs.
Author: Robert Jahn