According to real estate information company Chandler Reports, 91% more home permits were filed (compared to last October) by local homebuilders. This past month’s 107 permits were a significant increase from October 2010’s rather dismal 56.

The Memphis movers are excited to see growing faith in the local real estate and new construction industries. The average permit was for a 2,700 square foot home, which runs about $250,000. Local experts and industry professionals say that a recent surge of ready to build & buy customers has been going on for the past 6 months approximately.

If you’re still on the fence about buying or building, be sure to check out the current inventory. Interest rates are still at a historic low, and the opportunities are there for customers ready to take the plunge. Happy moving!