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US Housing Starts Jump

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					US Housing Starts Jump




By: Curt Cloyd – Director
Personal Wealth Academy, LLC
                                   US Housing Starts Jump
                                       By: Curt Cloyd – Director
                                    Personal Wealth Academy, LLC

I just read this article at HousingViews.com that mentioned that there has been a significant rise in the
number of US housing starts jump in the month of June in comparison to predictions made by experts in
the month of May. This proves that the battered housing market is going through a quick healing phase.

Construction has risen for both single-family homes as well as apartments. The number of single-family
homes that have begun construction has increased by 4.7% and multi-family starts have risen by a
massive 12.6%.

So... you may be wondering “Curt, why are you telling me all this”?

Let me answer that question.

First of all, any real estate investor needs to know what he is playing with before stepping into the game. It
doesn't matter whether you're investing in rental, short sales, fix and flips or wholesales. Often, the key to
success is to get in and get out at the right time.

A couple of months ago when the housing demand dropped, the values of properties also dropped.
Builders lost their confidence and were hesitant on beginning any new constructions. But things have
actually changed now.

That's the reason you can notice a 6.9% increase in U.S. housing starts. The number has actually risen to
760,000 in June. Surveys reveal that more and more people have shown interest in purchasing a home
since this April.

Well... there are actually a couple of logical reasons as to why people showed interest in purchasing a
home since this April...

Firstly, the demand had dropped significantly a couple of months ago. But the number of projects being
started almost remained the same. Since the demand reduced, builders were left with multiple unsold
properties/had to sell properties at a significantly lower price than they expected. Low demand resulted in
lower pricing structures for new homes.

Since this May, things have actually changed. A lot of people have shown interest in purchasing properties
and construction costs have significantly risen due to a number of factors.

Secondly, the reason for the increase in demand is because the mortgage and home loan rates offered by
the banks have hit a record low. The interest rates tend to attract a lot of families who've always wanted to
purchase a new home. The only thing that's stopping these families from purchasing a home is loan
approval and being able to make the down payment required by the banks.
The other reason as to why people have shown more interest in purchasing a home is directly linked to
U.S. employment stats. U.S. employment records report that 1 million new jobs have been created in the
past five months and the unemployment rate has dipped from 9.1 percent to 8.1 percent.

As a real estate investor, it is your job to study these stats, analyze them and make thorough decisions
when investing in new properties. That's the only way you'll be able to successfully prosper.

What Personalized Academy specializes is in using these statistics to influence our property purchasing
decisions which ensure that we and our real estate investors get the highest returns possible.

In fact with these statistics, we have built out a couple of successful cash flow business models that have
worked for us and many of our students. We encourage you to learn more about that by taking the quiz we
have on the right side of the page http://personalwealthacademy.com/.

				
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Description: I just read this article at HousingViews.com that mentioned that there has been a significant rise in the number of US housing starts jump in the month of June in comparison to predictions made by experts in the month of May. This proves that the battered housing market is going through a quick healing phase.