The month of July was the 10th straight month that foreclosure filings dropped to reach the lowest level since November 2007. According to CNN Money July filings fell by 35% compared to the same month in 2010. Slow down in the foreclosure filings along with increase in home sales are great news for the construction industries that could not compete with the massive inventory of foreclosed homes in the market that made construction of new homes obsolete for the past four years.
The elimination of foreclosed properties from the inventory will help to restart the construction of new homes and in turn will have the greatest effects in creation of more jobs and stimulating the US economy. As predicted in our recent articles the new home construction will end the slump by the year-end and begin the new era in construction in 2012.
For all these reasons we at SmartPreConstruction have jump started our efforts in resuming our services of pre construction investment to offer an unparalleled opportunities to the developers and pre-construction purchasers.
