Housing starts grow in 33 metro areas, says study

Thursday, June 25th, 2009
Author : Biz2Credit Advisor

Thirty-three metro areas are showing positive housing-start growth, a sign that the flagging home-building market may be turning around, according to Adversity Index data from MSNBC.com and Moody’s Economy.com.

The Index based its conclusions on where builders are obtaining more permits to start home construction. The Adversity Index data compare the three-month periods ending April 2009 and April 2008 and includes all single-family and multiple dwellings.

Vallejo, Calif., tops the list with housing starts up 440 percent from last year, according to the report. Longview, Texas; Lawrence, Kan.; Ann Arbor, Mich.; Kokomo, Ind.; and Clarksville, Tennessee-Kentucky, also made the list.

Housing starts hit a low in January, when just 14 metro areas showed gains. The jump to 33 growing markets is promising, but the report notes that number represents just one in 10 metro areas in the country.


Biz2Credit Logo This article was submitted by Katie Kapler, Director of Online Strategy for Biz2Credit. Biz2Credit is a small business marketplace that connects entrepreneurs with financing options and advice to grow their business. Send all questions to katie.kapler@biz2credit.com.

Small Business News    

Apple Expanding into Small Businesses

2010-07-30 00:36:39

Apple Inc is planning to undergo a major expansion. The company that has products like the iPhone and the iPad is now targeting small business. They are planning to hire engineers in at least a dozen U.S retail stores to install Apple computer systems meant for small businesses...

Business Credit Cards Easy to Get, But Won’t Help Economy

2010-07-29 00:32:54

We’ve heard how difficult it is for small businesses to secure bank loans, a new Fed report says that banks have been very willing to issue small business credit cards. About 75 percent of applicants in 2009 were approved for small business credit cards, according to the re...

Monthly Newsletter

Name:

Email: