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South, Southwest the Hottest Home Building Markets

If you're waiting for the South to rise again, you're running behind -- it and it's twangier cousin the Southwest led the nation last year in the number of single-family home permits issued, according to U.S. Housing Markets Inc.

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Four of the five busiest home building markets in the United States in 1998 were in the South or Southwest, and a majority of the top 10 busiest metro markets were likewise no stranger to 100-degree days.

The biggest gainers over 1997 were Houston and Sacramento -- up 46% and 47% respectively over their number of building permits in 1997.

Portland, while still a busy market, saw a dramatic 8% loss in the number of single-family home permits, in part due to the harsher, no-growth limits that city planners have imposed.

Listed below are the busiest markets, followed by their change from their performance in 1997.

12 Months 1998Total PermitsChange from 1997
Atlanta57,481+15%
Dallas-Ft. Worth54,278+23%
Phoenix-Mesa 47,884+11%
Houston CMSA47,210+46%
Chicago CMSA38,233 +8%
Washington37,791+23%
Las Vegas32,173+4%
Puget Sound30,432+20%
Denver CMSA30,246 +22%
San Francisco Bay29,424+11%
Detroit CMSA 28,638+15%
Orlando25,733 +20%
Miami-Ft. Lauderdale23,394+3%
N. & C. New Jersey23,199+12%
Minneapolis-St. Paul20,641+24%
Portland CMSA20,398 -8%
Charlotte20,067+10%
New York-Long Isl.19,445+15%
Tampa Bay18,895+11%
Raleigh-Durham18,777+12%
Riverside-San Bern18,444+21%
Boston CMSA18,152 +11%
Philadelphia16,413 -2%
Indianapolis16,107 +21%
Sacramento-Yolo14,412 +47%
Nashville14,025+13%
Kansas City13,879 +3%
Austin13,416 1%
St. Louis12,334 +11%
Cincinnati CMSA12,163+1%

Published: March 23, 1999

Use of this article without permission is a violation of federal copyright laws.


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Mortgage Rates
30 Year Fixed: 3.83%
15 Year Fixed: 3.05%
1 Year Adj: 2.73%
(U.S. Weekly Averages)

Today's Headlines 03/23/1999 01:00:00 AM


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