It wasn't expected, but Southeast Michigan will take it: an 82% increase in new home construction in 2010, according to SEMCOG. Single-family homes showed the largest increase, while new condominium permits issued doubled from the previous year.
Oakland County's numbers were staggering: an increase of 102% in new builds from 2009.
Excerpt:
Gains in all sectors of residential construction can be attributed to several factors: developers offering discounts and constructing less-costly homes, for-sale housing stock reduced, government tax credits extended, and the stabilizing of the economy and job losses in the region.
Click
here for the article.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.