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Posts from December 22nd, 2009

Ruhl&Ruhl REALTORS

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December 22nd, 2009 by

Residential New Construction Coming Back to Life in Scott and Rock Island Counties The Quad Cities area residential new construction market is starting to show signs of life. At the end of November a number of indicators pointed in a more positive direction. The inventory of new homes has steadily declined over the past two years, with a number of segments of the market approaching inventory levels that appear depleted, rather than excessive. The decline in overall unit sales from previous years has slowed, with November house closings and pendings exceeding those of '08 by nearly 60% in Scott County, and with November closings in Rock Island County up by 40% for houses and condos combined. Year-to-date closings reflect an overall decline of 20% in unit sales in Scott County, but a 17% increase in unit sa...

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Categories: New Construction

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