UA Center’s November Housing Reports Show Year-Over-Year Increases

TUSCALOOSA, Ala. — Two reports from The University of Alabama’s Alabama Center for Real Estate show year-over-year increases in the state’s latest monthly home sales and new construction figures.  

These latest looks at the Alabama housing situation are now available on the Web, courtesy of the center, known as ACRE, that is a part of UA’s Culverhouse College of Commerce.

The Alabama Housing Report, which tracks total home sales on a monthly basis, shows Alabama home sales in November 2009 up more than 53 percent from November 2008 and down just less than 4 percent from last month. The complete report can be found at http://acre.cba.ua.edu/pdfs/housing_statistics/AL%20Report.pdf

New home construction figures in November 2009 show a 17.8 percent increase from November 2008 and a 6.5 percent decrease from October 2009. The complete New Construction Report can be found at http://acre.cba.ua.edu/pdfs/construction_statistics/New%20Construction%20Report.pdf

Contact

Grayson Glaze, executive director, Alabama Center for Real Estate, 205/348-4117, gglaze@cba.ua.edu; Bill Gerdes, UA media relations, 205/348-8318, bgerdes@cba.ua.edu