In the past week, the good news that real estate sales rose in 2012 has been reported by most media outlets. Just this past Saturday, we shared an article from our local paper, The Mountaineer, about the 36% increase here in Haywood County.
Along with the increase in sales, there was an increase in new housing starts in 2012. 28% over new starts in 2011. Seems like a great jump we can all rejoice over. But is it really a rebound?
Jed Kolko, Chief Economist at Trulia had a few "Takeaways" to share in a recent article. For starters, we are still at historically low levels of new starts. As a matter of fact, the lowest since 1959 according to the newest Census report.
To read the entire article, "2012's Construction Rebound: Behind the Facade"... CLICK HERE.
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