News Residential

Louisville Now on Improving Markets Index as New Construction Perks Up

Photo of new construction in Louisville KY

Louisville new construction is starting to pick up as Louisville is added to the IMI.

In a news release issued this week, Louisville was added back on to the NAHB/First American Improving Markets Index (IMI). There are 125 markets on the list.

From the release:

“This is very good news for the Louisville area as it represents and highlights how well our local housing market is doing this year. Our community overall has definitely made strides in 2012 with outstanding job announcements coming from companies like Ford and General Electric and existing home sales up sharply versus 2011, with price appreciations in the positive and growing once again for Louisville homeowners. We in the building industry are encouraged by the consumer confidence that we see in the market and believe that our industry has begun its return to a “new normal,” stated Chuck Kavanaugh, Executive Vice President of the Home Builders Association of Louisville.

As I wrote last week for InsiderLouisville, we’re starting to see some an uptick in the number of permits being issued for new construction. This positively affects a good portion of the housing sector.

For more information, you may visit the National Association of Home Builder’s page.

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