New home construction is seeing growth just like the resale market. According to Jason Brown of Metrostudy’s Nashville region, “Builders continue to successfully sell their existing inventory and new starts.”
An article in the Nashville Business Journal stated that during the 12-month period that ended in March, Nashville saw 4,763 new home starts, a 34 percent increase over the previous year. In that same period there 4,322 new homes sold, a 20 percent jump from a year ago.
It is nice that all areas of residential real estate are seeing growth, including the condo market. It is good for home buyers and sellers.
Read more about new home construction and sales on the Nashville Business Journal site here.
Don’t forget to check out available inventory on the The Lipman Group Sotheby’s International Realty website!