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Welcome to the Fairhomes Land Investor Information website. Please read the information carefully before using this site. By continuing on this site you acknowledge that you have read and agreed to the following: Forward Looking Statements – Statements prepared by Fairhomes Land and made on the Fairhomes Land Investor Information website that are not historical facts are forward looking statements as defined in the Private Securities Litigation Reform Act of 1995. For the purpose of establishing the Seller’s compliance with Federal Interstate Land Sale Full Disclosure Act 15 USC 1701 (“ILSA”) in the sale of lots to buyers, the enquirer confirms that they are a builder, investor or developer licensed to do business in the state of Florida and is engaged in a bona fide land sale business and is purchasing the property for the sole purpose of either constructing a residential home or selling the same in the normal course of its business. The enquirer further represents and warrants to the Seller that the enquirer is in the above referenced business sale of land sales and/or building residential homes and selling the same as an activity of continuity, regularity and permanency. The enquirer is a knowledgeable and sophisticated investor, developer or builder of real estate properties.
Tel: +1 (905) 415-9267 or +350 200 400 48

New house numbers fall

21st Jun, 2012back

36 It has been reported that the number of new houses being built in the US dropped sharply during the month of May, with an almost 5% reduction when compared to figures from April.

Speaking about the news, John Ryding and Conrad DeQuadros from RDQ Economics said: “We see a clear pattern of gains in single-family housing starts and permits, and the level of permits relative to starts suggests some further gains in the months ahead. Our take is that the housing sector is stabilising and that residential construction activity is beginning to pick up at a modest rate."

While the number of permits applied for permanent construction rose by almost 8% during the month of May compared to the previous month, a figure which was above what analysts had expected, there is no guarantee that the projects for which permits had been granted would actually begin construction. The number of permits granted during May of this year was the highest for four years.

At what is described as the peak time for US construction, the decline in the number of new starts is worrisome for the industry and the market; however, experts are still hopeful that the remainder of the summer will bring stronger figures and help move the housing market in an upwards trajectory once again.

Optimism still remains high within the industry, although there is still some serious concern about the ability to sell new homes once they are completed due to the struggling property market across the country, which is still not showing any signs of real improvement.