Housing Starts, Home Sales Up in April Over Last Year, ACRE Says

TUSCALOOSA, Ala. — The April 2010 New Construction Report, which includes building permits and housing starts, shows new construction in Alabama during April is up more than 11 percent over April 2009. The complete report is posted on The University of Alabama’s Center for Real Estate (ACRE)website at http://bit.ly/cyH8nB.

In more encouraging real estate news, April 2010 total home sales in Alabama are up more than 27 percent over last year.  The complete Alabama Homes Sales Report can be found at http://bit.ly/cYnBxz

ACRE teams with the Home Builders Association of Alabama to collect, analyze, store and disseminate monthly reports on the state’s home building industry.

Since 1999, ACRE has also 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.

All monthly reports are released to coincide as closely as possible with the release of national housing statistics, Glaze said.