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

Delaware New Home Sales on the Rise

Posted: Updated:
(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.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • UPDATED: Lewes Man Arrested for Kidnapping and Assault

    Lewes Man Wanted for Alleged Assault, Kidnapping

    07/19/2017 17:17:00 -04:002017-07-19 21:17:00 GMT
    Friday, July 21 2017 12:05 AM EDT2017-07-21 04:05:03 GMT
    Delaware State Police are searching for Michael H. Debarr of Lewes.Delaware State Police are searching for Michael H. Debarr of Lewes.
    UPDATED: Delaware State Police found and arrested the Lewes man wanted for kidnapping and assault from earlier this week on Thursday.More
    UPDATED: Delaware State Police found and arrested the Lewes man wanted for kidnapping and assault from earlier this week on Thursday.More
  • Ocean City Prepares For "College Beach Weekend"

    Ocean City Prepares For "College Beach Weekend"

    Thursday, July 20 2017 9:15 PM EDT2017-07-21 01:15:39 GMT
    Thursday, July 20 2017 9:15 PM EDT2017-07-21 01:15:39 GMT
    Ocean City Prepares For "College Beach Weekend"Ocean City Prepares For "College Beach Weekend"
    The town of Ocean City prepares for "College Beach Weekend". The three day event starts today and according to the events organizer, the town is expected to see an influx of about 40,000 college students.More
    The town of Ocean City prepares for "College Beach Weekend". The three day event starts today and according to the events organizer, the town is expected to see an influx of about 40,000 college students.More
  • Delaware State Fair Kicks Off Under Hot Temperatures

    Delaware State Fair Kicks Off Under Hot Temperatures

    Thursday, July 20 2017 8:53 PM EDT2017-07-21 00:53:43 GMT
    Thursday, July 20 2017 8:53 PM EDT2017-07-21 00:53:43 GMT
    HARRINGTON, Del. -- The Delaware State Fair kicked off on Thursday at the fairgrounds near Harrington as brutal temperatures and sunlight bared down on early visitors in the afternoon and early evening.The fair runs through July 29. It features a numberMore
    HARRINGTON, Del. -- The Delaware State Fair kicked off on Thursday at the fairgrounds near Harrington as brutal temperatures and sunlight bared down on early visitors in the afternoon and early evening.The fair runs through July 29. It features a numberMore
  • Most Popular StoriesMost Popular StoriesMore>>

  • UPDATED: Lewes Man Arrested for Kidnapping and Assault

    Lewes Man Wanted for Alleged Assault, Kidnapping

    07/19/2017 17:17:00 -04:002017-07-19 21:17:00 GMT
    Friday, July 21 2017 12:05 AM EDT2017-07-21 04:05:03 GMT
    Delaware State Police are searching for Michael H. Debarr of Lewes.Delaware State Police are searching for Michael H. Debarr of Lewes.
    UPDATED: Delaware State Police found and arrested the Lewes man wanted for kidnapping and assault from earlier this week on Thursday.More
    UPDATED: Delaware State Police found and arrested the Lewes man wanted for kidnapping and assault from earlier this week on Thursday.More
  • Delaware Woman Arrested for Dorchester County Stabbing

    Delaware Woman Arrested for Dorchester County Stabbing

    07/20/2017 15:30:00 -04:002017-07-20 19:30:00 GMT
    Thursday, July 20 2017 3:30 PM EDT2017-07-20 19:30:50 GMT
    (Photo: MGN)(Photo: MGN)
    A Delaware woman has been arrested in connection with a Dorchester County stabbing, according to Maryland State Police.More
    A Delaware woman has been arrested in connection with a Dorchester County stabbing, according to Maryland State Police.More
  • Updated: Pilot Critical After Small Plane Crashes into Kent County Field

    Small Plane Crashes in Kent County Field

    07/19/2017 10:49:00 -04:002017-07-19 14:49:00 GMT
    Wednesday, July 19 2017 3:42 PM EDT2017-07-19 19:42:11 GMT
    Wednesday morning's crash scene in Sandtown. (Photo credit: Delaware State Police)Wednesday morning's crash scene in Sandtown. (Photo credit: Delaware State Police)
    Delaware State Police have released the name of a man critically injured after the crop duster plane he was flying crashed into a field in Kent County on Wednesday morning.More
    Delaware State Police have released the name of a man critically injured after the crop duster plane he was flying crashed into a field in Kent County on Wednesday morning.More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices