New-home sales increase locally as market levels

Builders are selling more new homes in the Tampa Bay area and nationally, a sign that home-buying incentives are working and the housing slump is starting to stabilize, according to two reports released Monday. Bay area builders started construction on 915 homes during the second quarter of 2009, up 29 percent from the previous quarter, data from Houston-based housing research firm Metrostudy shows. Housing starts are still down 30 percent compared with the same quarter in 2008, but Metrostudy's Tony Polito says the quarterly jump is a good sign for the local housing market.

Click here to enter the Tampa Realtors MLS (updated daily)
Register to receive an email every morning of today's new listings
Visit my website or contact me by email