The National Association of Home Builders reported that housing demand showed further signs of stabilization heading into 2007, as sales of new single-family homes rose 4.8 percent to a seasonally adjusted annual rate of 1.12 million units in December, according to figures released last week by the U.S. Commerce Department.
 
“Today’s housing report squares with our most recent builder surveys, which show that traffic of prospective buyers is up and consumers are responding favorably to price adjustments and widespread sales incentives,” said David Pressly, president of the National Association of Home Builders (NAHB) and a home builder from Statesville, N.C.
This is good news for Ringwood real estate. Whether you are a home builder, buyer or seller, a stable and balanced real estate market benefits everyone.