Saturday, November 01, 2008
THERE IS NO NEW CONTRUCTION IN STATE COLLEGE, PA...
or so I'm told almost on a daily basis by the naysayers that think the real estate and contruction industries are dead and buried in an election year economy. This is the group of people that listen to the national news and make the assumption that if things are bad every where they must be bad here too.
Nothing could be more opposed to the truth. The photo above was taken about two weeks ago in a local develop of new homes that has almost completely sold out and the construction is at a break neck pace. The builder isn't building spec homes but there are plenty of custom home buyers to keep them busy.
A quick check of building permits in Centre County shows that through the end of August, only 6 fewer permits were issues than in 2007. This would reflect a flat market rather than a horribly down market.
For information about the local building industry, give me a call or tune in to my weekly radio show on 970 AM WBLF. Ask the Realtor airs every Saturday morning from 8:00 to 9:00 a.m. You can always call me at 814-280-0054.