If you live in Orlando, you’ve probably noticed the recent rise in residential construction. From the Parkside community in Dr. Phillips to the new luxury condos being built in Downtown Orlando, our community is constantly growing.

According to a recent article in the Orlando Sentinel, the construction of new homes in the metro Orlando area has risen by 46% during the past 12 months when compared to the 12 months prior. Builders started work on 1,801 single-family homes in Orlando during January – March, 2013, compared with 1,386 housing starts during the same time period in 2012.

In addition to the rise in new home construction, closings were also up in the first quarter of the year, compared to last year. Metro Orlando had 1,505 single-family home closings during the first quarter of 2013, an increase of 22 percent from the first quarter of 2012.

Orlando housing market experts are saying that they expect the number of new home starts, as well as the number of closings, to continue to rise in the coming months because many construction companies are experiencing a backlog of sales contracts awaiting construction. Another sign contributing to the expected rise in new home construction is the fact that this year, builders took control of 858 vacant lots awaiting new homes, which is twice as many as last year.

Contact Real Estate Closing Solutions if you are interested in selling your home in Orlando. We are the best service provider in the title insurance and closing industry, and we work with the best, most professional Realtors and lenders! Our Orlando title company has locations in Dr. Phillips and Downtown Orlando. Call us at 407-615-8550 today or stop by our office for more information.