Posts from March 19th, 2010
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19
Q-C's new homes market shows signs of growth
Quad-City home builders and real estate professionals are gearing up for what they believe will be a strong year for sales of new homes. That hope comes despite a mixed national outlook. Sales of newly built, single-family homes declined 11.2 percent in January to a seasonally adjusted annual rate of 309,000 units, the slowest pace on record, according to figures released by the U.S. Commerce Department. The Midwest was the only region of the country to register an increase in new-home sales in January, posting a 2.1 percent gain from December. The Northeast and West recorded double-digit declines, of 35.1 percent and 11.9 percent, respectively, and the South saw a 9.5 percent decline. January numbers in the Quad-Cities were flat. Dave Falk, director of new construction and development for Ruhl & Ruhl Realtors, said that in Scott and Rock Island counties, overall sales of new housing units slipped fr...
