According to baltimoresun, while new home construction is on the rise in Harford County, MD just northeast of Baltimore, it is well below the 1,800 to 2,000 residential permits issued in the early 2000’s. In 2012 the county issued 450 residential building permits for modular homes, townhomes, apartments and condos, 240 of those for single-family dwellings. Homes that took up to 18 months to sell in 2008 are now on the market less than six months, says Jim Richardson, director of the county’s Office of Economic Development. MHProNews has learned most of the existing homes currently on the market in the county are REOs owned by banks or those going through the short sale process.

(Photo credit: merchantcircle–modular home under construction)