New construction of single family homes is anticipated to be continue at a steady pace in 2006.  Despite what our local papers seem to tell and inspite of gradually rising interest rates the future continues to look bright for new home construction.

According to the February Housing Market Index compiled by the National Association of Home Builders and Wells Fargo Bank, new home builders appear confident the new home market will remain healthy and continue to stabilize in the coming year.

In a news release yesterday by the National Association of Home Builders, home builder and NAHB president David Pressly said, "After several record-breaking years for home sales, builders are anticipating a return of the market to a healthy and steady pace." 

More information on the housing statistics and what they mean can be found on the NAHB website.