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Sales of New Homes Reach Seven Year High … Time for You to Build That New Home!?

Thursday, June 25, 2015

The U.S. Commerce Department reported this Tuesday that purchases of new homes in the month of May reached the highest level since early 2008. The surplus of existing homes that flooded the housing market during and after the 2007-2008 housing bubble collapse seems to finally be dwindling down, thus causing existing home prices to rise nationally to near 90% of their pre-collapse values, as indicated recently by the S&P National Home Price Index. With many of the great deals on existing homes already snatched up by savvy buyers, buying/building a new home now just makes good economic sense, especially when mortgage rates are at a historically low 4%. Bloomberg Business reported this Tuesday that their recent survey of economists indicated a concern that the Federal Reserve could prompt a mortgage rate increase as early as this September. All this having been said, now is a great time to build that dream home you have been wanting, and finding a great set of house plans is one of the first and most important steps in the process. WOWhouseplans.com has great plans for you! Check out our home page for the latest additions to our gallery of house plans for sale, or just browse our entire gallery at your leisure.