Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

New Home Construction Market Finds Yet Another Bottom
New home construction activity has dwindled to a very low level as the real estate market works through the excess inventory of homes for sale.
In this blog post, we examine the current state of the new home construction market as we head full steam into the 2012 Summer months.
The real estate graph at the right shows the number of home sales each year, with existing home sales shown in green, and new new home construction shown in red. The picture tells the story, new construction has declined greatly.
New Home Construction By Year The following graph shows the breakdown of new home sales versus existing home sales each year in the Tallahassee MLS, going back to 2004. Additionally, property types are segmented to show market saturation levels.

While all new home construction is depressed in Tallahassee, look at the near-zero levels of blue and green for new construction of condos and townhouses for the past several years.
New Home Construction By Area If you are curious about what it costs to build a home in Tallahassee, the graph below shows a by area analysis of new construction prices.

The most expensive homes are being built in the ... more

__________________________________________________
Are you on The Rain? Grow Your Network!