Tagged: southeast michigan. market graphics

Economy
3:02 pm
Wed February 15, 2012

Fewer new homes available for buyers in southeast Michigan

Credit (photo by Steve Carmody/Michigan Radio)
Two of the attendees at today's Building Industry Association of Southeast Michigan conference in Sterling Heights

There is a growing shortage of new homes in southeast Michigan.     That could be good news to the region’s home builders who have been struggling since before the recession began.

New home construction bottomed out in southeast Michigan in 2009 when few people were in the market for a home, new or not.

Last year, the number of home construction permits tripled, but still demand for new homes outstripped the supply.

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