February ’09 Report on State Home Building Activity Now Available Through UA Center’s Web Site

TUSCALOOSA, Ala. – The February 2009 New Construction Report for Alabama, which includes building permits and housing starts, is now 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.

Permits were up slightly in February ’09 over January ’09, but building starts were slightly off in February from January.

UA’s 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.