The numbers for May have just been released by the National Association of Home Builders (NAHB). It’s good news, the seasonally adjusted annualized rate rose to 504,000 in May. That’s a 18.6% increase year on year and the highest rate since May 2008. There are more signs that buyers are getting off the fence and recognizing that now is a great time to buy a home. Home Affordability is expected to decrease as prices and interest rates rise faster than salaries. The original numbers from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau can be viewed here: Home Sales for May 2014.
See some of the New Homes for Sale in the Triangle here.