Builders in America have been building fewer houses than in previous years, research shows. The number of new builds of homes that companies actually started in October was much less than usual. There were however, more plans submitted for the building of apartments; a clear sign of the times when it comes to the American property market.

This is a sign of how the people’s confidence in the market is looking – and more people are opting for smaller accommodation, as it comes with a smaller price tag. There has also been an increase in the number of rented properties, as people hit by the recession are forced to give up their homes. This is good news for those of you looking for a buy-to-let property in America as there will be a constant income from it.

Permits for the building of apartments have risen by 63% over the past year alone and renting is on the increase as many would-be first time buyers put off trying to get on the property ladder.

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