May 24th, 2012
Global relocation to the United States may not only be easier, but more affordable, as well, as residential housing starts are increasing throughout much of the country, according to a report from Metrostudy.
Of the 41 markets included in the study, 28 markets witnessed single-family housing starts rise during April. Much of the growth is also occurring in larger markets, which may be helping recovery nationwide, the report explained.
“We expected to see Houston, Phoenix, Austin, Salt Lake, Indianapolis and Nashville in the growth column,” said Mike Castleman, CEO of Metrostudy. “The really good news is that, Orlando, Charlotte, South Florida and many other big markets have begun to expand housing production.”
In addition, the report’s measurement of the Finished Vacant New Home Inventory was at approximately 2.5 months of supply, which is considered to be a safe level. Due to this, more homebuilders may be inclined to start construction on additional properties, which could help improve housing availability and reduce price pressure.
These may make relocation to major metro areas in the U.S. more viable due to workers’ ability to take advantage of currently low mortgage rates, coupled with home availability. By using a global relocation company, may be able to take full advantage of these helpful conditions.