The home buying market typically picks up at the end of the year. It is doing the same this year as well. Inventory of existing homes is down, which allows for builders of new homes to feel more confident about constructing new homes.
While new home building is tepid compared with last year; Single family home building can come with risk where apartments or multifamily can pay for itself through rentals. Yet the single family market is still growing.
This year’s single family home building statistics follow:
| 2014 YTD | 2015 YTD | |
| JAN | 94 | 85 |
| FEB | 114 | 125 |
| MAR | 175 | 178 |
| APR | 255 | 283 |
| MAY | 364 | 407 |
| JUNE | 466 | 516 |
| JULY | 976 | 625 |
| AUG | 979 | 776 |
| SEP | 1176 | 866 |
| OCT | 1518 | 986 |
| NOV | 1615 | 1082 |
| DEC | 1719 | — |
