2009 New Home Permit Summary
The numbers are in and counted and 2009 was a roller coaster year for new home permits. Seven out of ten of the MarketGraphics tracked St. Louis area counties exited 2009 with a higher number of new home permits than they began the year with, but what’s ahead for 2010?
What do the numbers tell us and what is ahead?
1. We can expect modest increases on a month to month basis in 2010.
2. Homebuyers like buying in subdivisions where others are also buying. An ever increasing percentage of starts are going to a smaller number of subdivisions.
3. Underperforming communities need to be re-energized with buyers. Otherwise, these communities will be de-selected fast and will have no buyers.
