On Tuesday, we discussed how the low inventory in the real estate market is a sure sign that the housing recovery is in full swing.
Well, when inventory is low, there’s only one thing to do, right? Build!
Indeed, according to the latest data from the U.S. Commerce Department, builders have begun construction on 917,000 new homes annualized.
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And building permits, a proxy for future construction, also picked up to the best level in over four years.
Believe it! This real estate rebound is the “real” deal!