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Housing Construction Slowly Ramping Up

March 11, 2013 By admin

  • Housing construction is slowly ramping up. Housing starts and permitting have been at their strongest levels in years, with many markets exhibiting double-digit increases between 2011 and 2012.
  • Construction is an important source of job creation, but may also be needed soon to quench supply/demand imbalances in certain local markets. Through construction has grown relative to 2011, it remains tame compared to pre-recession levels.
  • Boise City, for example, saw a 78% increase in permits for construction between 2011 and 2012. Permits in 2012 were 72% lower than in 2005, though.
  • This trend of rising permits is also important as it signals confidence on the part of builders who have been reluctant to start projects in the face of large inventories and tight lending.
  • More information on local market trends is available in the 4th quarter Local Market Reports. (member log in required)

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Office Locations

Chesapeake/Suffolk


3325 Taylor Rd., Suite 107
Chesapeake, VA 23321
(757) 638-5700
(800) 556-1611
(757) 638-5800

Norfolk


1547-A East Little Creek Road,
Norfolk, VA 23518
(757) 480-2121
(800) 441-2112
(757) 480-0324

Elizabeth City


1825 W City Drive, Suite G
Elizabeth City, NC 27909
(252) 331-1300
(866) 288-7413
(252) 331-1325

Virginia Beach/Chesapeake


1201 Lake James Dr., Suite 201
Virginia Beach, VA 23464
(757) 424-0202
(800) 539-0238
(757) 424-9531

Newport News


720 Thimble Shoals Blvd.,
Suite 116
Newport News, VA 23606
(757) 833-8400
(800) 539-8014
(757) 833-0545

Williamsburg


1031 Richmond Rd.
Williamsburg, VA 23185
(757) 220-8205
(800) 369-8206
(757) 229-3196

Kitty Hawk


4628 North Croatan Hwy.
Kitty Hawk, NC 27949
(252) 261-6400
(800) 282-6401
(252) 261-1400

At the Beach


1092 Laskin Road, Suite #204
Virginia Beach, VA 23451
(757) 264-6530
(757) 233-7921

Gloucester County Office


5103 George Washington Memorial Highway
Hayes, VA 23072
(804) 331-0422
(800) 539-8014
(757) 833-0545

Norfolk Property Management


1547-A E. Little Creek Road, Suite #100
Norfolk, VA 23518
757-583-1801
757-583-2343

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CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Nachman Realty, L.L.C. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.

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