November Report on State Home Building Activity Now Available Through UA’s Center for Real Estate Web Site

TUSCALOOSA, Ala. – The November 2008 New Construction Report, which includes building permits and housing starts, is posted and available at The University of Alabama’s Center for Real Estate Web site. The address for the site is http://acre.cba.ua.edu/construction_statistics.php

The Alabama Center for Real Estate, known as ACRE, teams with the Home Builders Association of Alabama to collect, analyze, store and disseminate the monthly report on the state’s home building industry.

Since 1999, ACRE has partnered with the Alabama Association of REALTORS and continues to produce monthly reports that provide useful information associated with existing home sales and housing affordability, said Grayson Glaze, executive director of ACRE. The report is released monthly to coincide as closely as possible with the release of national residential building permit data, Glaze said.