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St Louis Home Building Activity Up Almost A Third From Year Ago

St Louis New Home - Dennis Norman, St Louis REALTORSt Louis home building activity is on the rise throughout the St Louis area, according to the latest data from the Home Builders Association of St Louis and Eastern Missouri. Building permits issued through September 2013 for new homes in the five counties that make up the bulk of our new home market have increased from the same time period last year.  Overall, as the table below shows, building permits have increased 29% for the five counties, with the city of St Louis seeing the largest increase at 100%. The lions share of new home construction continues to take place in St. Charles county where permits are up 29% from last year resulting in 56% of the total permits issued in the area being issued in that county. (See real-time chart below for 10 year history of  St Louis building permit activity)

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St Louis New Home Building Permits - September 2013
The chart below, from the St. Louis Fed, shows the history of building permit activity for the St Louis metro area for the 10 past years. As you can see, the activity is still way down from it’s peak, but it’s definitely showing improvement.

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