Mar
24

Home Builder Stock Prices Reach Two-Year High

March 24, 2012

The housing industry recent received a bit of good news, home builder stock have reach their highest level in two years. The index of 11 home builder stocks on Standard & Poor has risen 80 percent since October, the most recent low point for the industry.

The oncoming warmer weather may have helped boost home builder share prices. Generally, home builder shares experience an increase right before the spring and summer home-selling season. Home builder shares are now starting to level off at their new high point and they are expected to remain stable.

This recent increase in builder stocks reinforces the overall notion that the home building industry is finally coming out of its slump. Government and housing industry data show that housing data is on an upward swing, While home prices still remain low, there has been an increase in new construction permits and home sales.

The numerous foreclosure properties still remain as a problem for the housing industry. The abundance of foreclosures brings down the price and demand for new and existing homes.

We’re happy to see the housing market finally on the rise again, and we know Chicago home builders are too! If you’re in the market for a Chicago new home or Chicago foreclosure, be sure to check them out on our website.

Categories: Economy

About The Author

Read All Stories By Mitch Levinson

Mitch Levinson is the author of “Internet Marketing: The Key to Increased New Home Sales” published by BuilderBooks. He is an Internet marketing expert with expertise in search engine optimization, website development, email marketing, social media and CRM consulting services. He is known for creating effective programs that can be tracked through analytics to prove effectiveness and ROI. Mitch is founder and president of MLC New Home Marketing and MLC FlatFee Realty, as well as managing partner of mRELEVANCE, LLC, a Marketing, Communication, Interactive agency with offices in Chicago and Atlanta. He currently leads the Chicago team. A Multi-Million Dollar Sales Producer who earned an MBA in Computer Information Systems and eCommerce, he brings a unique perspective and experience to the field of real estate communications. Mitch combines the two interests in order to help home builders and developers gain a competitive advantage through the Internet and technology. When he isn’t behind a computer, he enjoys participating in sports and coaching his kids’ teams. Mitch resides in Arlington Heights, Ill., a northwest suburb of Chicago, with his family, which includes two rambunctious labs. Visit my Google+ profile.

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