The real estate market has been steadily improving this year and the so-called icing on the cake is the increase in new home sales. At Davidson Realty, a whopping 45% of their closings in November were new construction, and they have closed 85 new construction sales so far in 2013. A healthy real estate market is good for the economy and new construction is especially fruitful. According to the National Association of Home Builders, each new home provides approximately three new jobs for a year and an additional $90,000 in tax revenue. The Commerce Department reported that sales of new homes were up by 25% in October nationally.
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