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St Louis new home construction slips in August still up from a year ago

St Louis New Home - Dennis Norman, St Louis REALTORSt Louis new home construction activity decreased in August 2013 with 311 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 9.9 percent decrease from the month before and is an increase of 8.7 percent from August 2012 when there were 286 building permits issued for new homes, according to data published by the Home Builders Association of St Louis and Eastern Missouri.

St Louis home building is making some headway toward recovery by climbing out of the tough it hit in 2009 however, as the chart below shows, there is still a long way to go to get back to 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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