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St Louis New Home Construction Up Almost 30 Percent In Past Year

St Louis New Home - Dennis Norman, St Louis REALTOR

St Louis new home construction activity cooled slightly in May 2013 with 336 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) a decline of 3.4 percent from the month before however this is an increase of 13.5 percent from May 2012 when there were just 296 building permits issued for new homes, according to data published by the Home Builders Association of St Louis and Eastern Missouri.

If we expand our focus from just the month of May to the past 12 months, then there have been 3,460 building permits for new homes issued in the St Louis area, an increase of 1.2 percent from the month before and an increase of 28.8 percent from May 2012 when there were 2,686 building permits issued in for the 12 months prior. (see chart below for 10 year history)

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