Delaware New Home Sales on the Rise - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Delaware New Home Sales on the Rise

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(Photo: WBOC) (Photo: WBOC)

DOVER, Del.- New homes are popping up across Delaware.

"Our builder members are saying that their traffic has increased at their sale sites. People are coming back. They're buying sooner," said Howard Fortunato, executive vice president of the Home Builders Association of Delaware.

The 400-member organizations is a trade association that garners members like builder firms, subcontractors or even electricians.

Fortunato said that with more homes being built, it is a sign people are feeling more comfortable about the economy.

According to Michael Harrington J.r, broker/owner of Harrington ERA Realty, new home sales are up 30 percent from last year.

He says while inventory is down 27 percent, there are fewer homes on the market because they have been sold.

But before popping any champagne corks, Fortunado said we're not out of the woods just yet.

"In 2008 and 2009 the industry was pretty hard hit," he said. "A few years before that things were going gangbuster and then the economy just tanked. Employment in housing in the hay day was somewhere around 30,000 people in the state that were involved in construction. Now it's somewhere around 19,000."

Still, Fortunado said, trends are changing and the economy's getting stronger, helping to build a better foundation for new home sales on Delmarva.

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