New home construction shows signs of life for housing market
MONTGOMERY, AL (WSFA)- Housing prices are on the rise and realtors say they won't be getting any cheaper.
It's one reason local home builders tell us they're seeing record sales this year--something they haven't seen since 2007.
For the past 6-7 years The Oaks neighborhood on Taylor Road has been lifeless.
The plan was to fill the space with homes years ago.
But when the housing market crashed, the homes were never built until now.
The question is: does new home construction truly mean the market's bouncing back?
"It's been real busy. It's been very very good," says Jimmy Rutland, Vice President of Lowder New Homes.
"In the state new home sales are up. Locally, building permits are up as much as 50%."
His company is seeing record sales.
"Where typically we sell 10 homes a month, we sold 19 in the month of April."
