This week the federal government will come out with a new report giving national numbers for the housing segment. I thought I would run down a few local numbers for Columbus, Phenix City and the surrounding areas. The following are new home starts based on building permits.
Muscogee Co. (Columbus GA) housing starts are down 29% from 2006 which was down 21% from 2005. This means we have about 50% less housing starts this year than 2 years ago.
Harris Co. is down 42% this year but was only down 6% last year. This still is a total drop of 48% since 2005.
Lee Co. AL is down 55% in 2007 but was actually up in 2006 about 8% for a total drop of 47% since 2005.
Many builders jumped the gun in building for the impact expected from the growth at Fort Benning and are now having to slow up and wait on the expansion - probably beginning in 2008 and going thru 2011.
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