After a falling over 66% from 2003 to 2008, building permits show signs of stabilization again in 2011. Permits have remained fairly steady for the last 3 years, coming in at 679 in 2009, 662 in 2010 and 680 in 2011. Inventory of homes for sale has fallen steadily since 2007 and available new construction homes for sale has fallen even more rapidly due to the low permit numbers just reported. This will position builders well as the market improves. Most experts expect new home sales to be on the rise in 2012.
If you are looking to build your dream home, North Eastern Group Realtors are prepared to with your significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.