March Home Building Report Available via UA Center Web Site

TUSCALOOSA, Ala. — The March 2009 New Construction Report, which includes building permits and housing starts, is now posted 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 report contains a bit of good news in the housing sector: March figures show an increase of 28.2 percent from the previous month and the most permits recorded in any month since last September.

The UA center, 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.