Alabama New Construction Report Available on UA Website
July 2, 2010 - Filed under: Outreach, Research | Tagged: Business, Real Estate
TUSCALOOSA, Ala. — New construction statistics for Alabama in May 2010 are a mixed bag, showing progress on the sales front but a decline in permits, according to The University of Alabama’s Center for Real Estate, part of the Culverhouse College of Commerce.
Permits for May 2010 were down 7.8 percent from May 2009, but were down 36 percent from April 2010. Housing starts in May were down from April 2010 by nearly 13 percent, but were 8 percent higher than May 2009.
Details are available at http://bit.ly/b3uW3p
The University of Alabama, a student-centered research university, is experiencing significant growth in both enrollment and academic quality. This growth, which is positively impacting the campus and the state's economy, is in keeping with UA's vision to be the university of choice for the best and brightest students. UA, the state's flagship university, is an academic community united in its commitment to enhancing the quality of life for all Alabamians.
CONTACT: Grayson Glaze, executive director, ACRE, 205/348-7714, gglaze@cba.ua.edu; Bill Gerdes, Media Relations, 205/348-8318, bgerdes@cba.ua.edu