What Land Sales Indicate about Residential Construction Cycle

25-1322134-MY2310BT[1]_fct1023x630x1x50_t620Data from HIA and CoreLogic RP recently released in their Residential Land Report, showed a strong increase in vacant residential land sales.

According to the report, the pace of increase in prices eased during the June quarter this year.

This comes after the sharp price increases and declinings sales volumes, showing a typical demand-supply imbalance, which has been escalating since late 2013.

Land sales activity is a relatively good indication of the prospects for detached house building activity and good news for the construction industry.

Source: http://sourceable.net/what-are-land-conditions-telling-us-about-the-residential-construction-cycle/

Posted by Construction Safety News Admin
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