Southwest Montana has Rise in New Home Construction

by lincolnroberts on July 27, 2012

in Bozeman, Montana Real Estate, Ennis, Montana Real Estate, Latest News

The first half of 2012 has seen a steady increase in new home construction across Southwest Montana.   New construction of single family homes in Madison County is up 38% over this time in 2011, Park County has seen an 80% increase over last year, and Gallatin county has seen a 86% increase, according to data released by the Montana Building Industry Association.   This is a good sign for Real Estate in Bozeman, Ennis, Livingston, and the surrounding areas, signaling a beginning of a comeback for the housing market 5 years after it’s collapse.

The US Commerce department reports similar results across the country.  The Commerce Department shows on a report released July 25, 2012 that single family home building is at a two year high after rising for four consecutive months.  State building industry data shows that Bozeman, with more than 140 new homes built thus far in 2012, is only off 2%  from it’s pre-recession levels of construction.

For a buyer this is proving to be an attractive time to build a new home.  Land prices have fallen considerably, building costs are down and mortgage rates are at historic lows.   At last check a 30 year fixed rate home loan had an interest rate of 3.5%

 

Preview the lowest priced lots for sale in Ennis, Bozeman, and Livingston below.

Ennis MT Land for Sale

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Bozeman MT Land For Sale

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Livingston MT Land For Sale

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