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St Louis New Home Building Activity In June Up Over 60 Percent From Year Ago

St Louis New Home - Dennis Norman, St Louis REALTOR

St Louis new home construction activity increased in June 2013 with 424  building permits for new homes being issued in the St Louis metro area (the area served by the Home Builders Association of St Louis and Eastern Missouri) an increase of 26.2 percent from the month before and is an increase of 63.7 percent from June 2012 when there were just 259 building permits issued for new homes, according to data published by the Home Builders Association of St Louis and Eastern Missouri.

While this is good news for the building industry, as the chart below shows, St Louis new home construction has risen from the trough it hit in 2009 but is still well below the level of activity from 2003 through 2006 when there were over 1,000 permits per month issued. (see chart below for 10 year history)

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