In an article from BuilderOnline.com Raleigh was ranked #6 based on builder activity. Wilmington, NC & Charlotte, NC also made the list while several areas of Texas claimed many of the top spots. Regardless, I find this very encouraging news!
The Healthiest Housing Markets for 2009
Builder, in conjunction with Hanley Wood Market Intelligence, debuts its metric for determining markets with the best and least potential.
6. Raleigh, N.C.
2008 total building permits: 11,386
Another state capital with multiple universities, Raleigh was still adding jobs at a 1.9 percent annual rate though the third quarter of last year. With a population of more than 1 million, it also has one of the highest rates of population growth of any top metro market in the country over the last five years: nearly 5 percent annually. Though the price of a median home here, $221,900, is above the national average, it is well below other cities in the mid-Atlantic and Northeast. The metro area has added roughly 68,000 jobs since 2005, and employment held steady last year. With a glut of national builders in the market, locals such as Dixon Kirby have experimented with different looks and styles to keep sales alive.
Busiest builders: Centex Homes, KB Home, Pulte Homes, Hovnanian Enterprises, Atreus Homes & Communities. Courtesy: Hanley Wood Market Intelligence.