Tuesday, August 30, 2011

Things are picking up

I thought you might interested in knowing some Market News in regards to home sales and building. This information was provided to me by Carrie Meek and I am very encouraged by it. So here you go. . ..

National Building Permits +3% over last month and +7% over last year
West Building Permits +1% over last month and +21% over last year
US New Home Sales -2% from last month and +14% over last year
West New Homes Sales -4% from last month and +32% over last year
Lumber Composite Price +5% over last year **Green Fir Composite is +35% over last year**

As for OBC, we have seen an increase in our real estate activity. I have investors that are taking advantage of this market. The inventory is still out there. If you are interested in acquiring rental property or looking for that new dream home, please give me a call. If you are thinking of building or remodeling, call Skip!

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