There is some new home construction going on around this area

NNN0LHI

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Wed Jan-05-11 08:00 PM
Original message

There is some new home construction going on around this area

Not a huge amount. Just a couple of new ones here and a couple more over there. But then there never was a huge amount of new construction around here. There are no For Sale signs in front of them so I assume they are being built to suit. This is probably a good sign. Any new construction going on around you?

Don

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NMDemDist2

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Wed Jan-05-11 08:06 PM
Response to Original message

1. just a ton of road construction thanks to the stimulus spending

and we need em, so that's good. some housing but we never had a lot going here anyway

this little pocket of NM has hardly felt the downturn, it's steady as she goes around here....

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Adsos Letter

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Wed Jan-05-11 08:52 PM
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2. There are some projects going on in Napa, but the community isn't

a real good indicator because it generally weathers downturns/recessions better than many areas in the region.

I was just reading an article in the Napa Valley Register about some acceleration of local building:

http://napavalleyregister.com/news/local/article_def8bbf4-189b-11e0-9e65-001cc4c03286.html

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delightfulstar

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Wed Jan-05-11 09:23 PM
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3. Some here and there, but...

We still have a glut of foreclosures and short sales on the market. I'm in AZ, and we were hit pretty hard by the downturn. Everything is dirt cheap here. I'm in a pretty desirable area, and there's a place near me that has 4 bedrooms, vaulted ceilings, and a pool, in a master-planned community, and it's only $115K; it was worth over $300K about 2 or 3 years ago. Many of the higher-placed places are sitting, and many of the low-to-mid-priced homes are being bought by investors and Canadians.

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