We have some good news for those interested in buying Lancaster homes. One-hundred-and-one. That’s the number of housing markets showing measurable improvement, according to the latest research from National Association of Home Builders/First American Improving Markets Index (IMI). And, we are excited that Lancaster is on the list! In fact, five Pennsylvania markets made the list.
The list, released earlier this month, shows that housing markets are now improving in 35 states. Just what does this “measurable improvement” mean? The researchers put metropolitan areas on the list that have shown improvement in housing permits, employment and house prices for at least 6 consecutive months. Data for the index is pulled from the Bureau of Labor Statistics (employment growth), house price appreciation from Freddie Mac, and single-family housing permit growth from the U.S. Census Bureau. The 6 month measure shows consistent improvement, not just a singular occurrence, so is a good indicator of the progress that housing markets have been making.
While many markets across the country do continue to struggle, this is positive news and confirms what we have seen recently in terms of increased traffic and buyer interest in our Central Pennsylvania and Northeastern Maryland new home communities. We have 44 communities priced from the $130,000s, and we have seen record sales so far in 2012. Our new construction homes are built with the most innovative, new home designs and in the best locations.
For information about our Lancaster homes, visit the Keystone Custom Homes website or call 877-513-0385.