Although nationally builder confidence is at a 12 month low, Home Builders in the Rochester/Finger Lakes area are much more optimistic.
“Real estate and building is local.” said Craig Antonelli, President of Antonelli Construction, and 2010 Chairman of the Rochester Home Builders’ Association. ” Our job market is steady and we have a strong community that works together. We have seen the worst of the slow down in the home building industry and we are now moving forward again.” Antonelli added.
The Rochester Home Builders’ Association reported an increase in building permits the first half of 2010. Increases in Monroe, Ontario and Wayne County were over 20 %.
“Certain markets continue to build.” said Rick Herman, Chief Executive Officer of the Rochester Home Builders’ Association. “There was a tremendous amount of market movement in the first half of the year due to the tax credit. That helped pre-existing homes which then helped the new home market as well.” Herman said.
“Most builders agree that 2010 will be a slow re-building year and that in 2011 we will see more normal numbers.” said Antonelli.
