The nation’s home builders are staying busy these days as new home construction continues a more than year-long growth spurt — and that’s good news for people working in the real estate industry.
The latest report from the U.S. Census Bureau shows that builders had started construction at an annual pace of 917,000 homes in February, nearly one percent above the pace in January and 27.7 percent higher than February 2012. The actual figures soared above economist predictions.
Building permit applications for new homes also rose 4.6 percent in February from the previous month and grew 33.8 percent from one year ago, showing an increased confidence by home builders in the housing market.
Housing starts last year posted a strong, 23.4-percent increase from 2011. The numbers point to a sustained recovery for the housing and mortgage industries.
After a five-year long financial setback, these figures, along with a projected increase for hiring in the mortgage industry, are welcome news. The NNA 2013 Conference will feature a number of workshops for Notaries interested in becoming a Notary Signing Agent and learning about income opportunities in this field.