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John Cotten's Blog

By John Cotten | Broker in Austin, TX

New Home Sales Rise Almost 6 Percent


According to the latest report from the U.S. Department of Commerce, new home sales rose almost 6 percent in the month of September from the prior month and 27.1 percent higher than the same time last year.  That’s the highest level since April 2010, when the Home Buyer Tax Credit was winding down.  The median price for new home sales in September was $242,400, up almost 12 percent from a year earlier.

The report is based on estimates from the U.S. Census Bureau and the Department of Housing and Urban Development that reported sales of 389,000 new single-family houses in September 2012.  That’s great news for the national housing market and suggests that there is a steady housing recovery occurring across the nation.  Regionally, the Northeast and South posted double-digit gains.

The National Association of Home Builders First American Improving Market Index also shows that 22 markets have been added to their list.  The list consists of now 125 housing markets that show consistent improvement data in employment growth, housing appreciation and single-family housing permit growth.

Combined with historically low mortgage interest rates, many potential home buyers are finding great deals on new construction homes.  If you are in the market for a new home around the Austin area, contact Texas Capital Properties today!

Austin Home Builders

There are so many Austin-area home builders to choose from in and around the Central Texas area.  Search for your new construction home with Texas Capital Properties.  Our team of knowledgeable and experienced new home real estate agents can find your new home in Austin, Round Rock, Cedar Park, Leander, Georgetown, Hutto, Manor, Buda, Kyle and the surrounding areas.

Popular Austin home builders include: Meritage Homes, Streetman Homes, KB Home, David Weekley Homes, Coventry Homes, Highland Homes, Village Builders, Wilshire Homes, Centex Homes, Drees Custom Homes, Grand Haven Homes, Standard Pacific Homes and Gehan Homes.  Depending on your price range and desired area, you can find a HOT deal on a NEW HOME today!

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