homer4bama's Blog: New Construction

New Construction Home Sales

2006 was a good year for new construction in Birmingham, Alabama.  In a year that played host to national wonder and speculation on when the real estate bubble would burst, Birmingham, Alabama witnessed an increase in new construction home sales in 2006, up from those of 2005.

Home shoppers are benefiting from the large volume of new home developments currently under construction throughout the Birmingham metropolitan area.  This sheer number of new homes, combined with a vast selection of styles, amenities, and locations, drove new construction home sales in Birmingham to new heights! 

So what can we expect from 2007?  Let's explore a simple indicator that we can use to make a forecast for 2007. 

One simple indicator to…