The Fitch Ratings company projected an optimistic future for the homebuilding and housing markets in their recent 2Q12 Quarterly Update. This report followed a similar one by Pulte Homes, one of the nation’s largest homebuilders, last week that stated the company had received their strongest quarterly earnings in five years. New orders for the nation’s top homebuilders are up 31% this year, with Lennar Homes improving by almost 40 percent. Revised 2013 forecasts now project single-family starts to grow 14 percent.

Also encouraging, Fitch changed its expectations for 2012 home prices from modest declines to gains with the average new home price improving by roughly 4.25 this year nationally. Year-to-date home prices have jumped nearly 15% from a year ago in the greater Orlando area.

We feel this is extremely good news for our homebuilders in Central Florida, where the existing inventory of homes-for-sale is below normal market levels. With great values currently on new and existing homes in key markets, and interest rates at an all-time low, there is no better time to purchase a new home in Florida!

If you are looking to buy a new home in Florida, now is the ideal time to contact Real Estate Closing Solutions to assist you with your purchase. Our goal is to educate and empower consumers and refer proven, trustworthy, and knowledgeable local Realtors, mortgage loan officers and homebuilders. We believe that all of our clients deserve the very best personalized service. Give us a call at 407-615-8550 to speak with one of our Orlando title insurance and real estate closing professionals today!