Residential builders in Kalamazoo County are busier this year than they were a year ago, the Kalamazoo Gazette reports.
Housing starts, the term used for new, residential building permits, increased 15 percent in Kalamazoo County during the January-through-March period this year.
Excerpt:
Dale Shugars, executive vice president of the Home Builders Association of Greater Kalamazoo, said much of the growth over the last year can be attributed to the federal government's $8,000 first time home buyer tax credit.
"The next quarter will probably be slower because there won't be the $8,000," he said.
The tax credits -- $8,000 for a first time buyer and $6,500 for an existing homeowner -- expire April 30.
"I think '09 was the bottom of the housing industry," Shugars said. "When you look at the numbers for '09, it looks like it's flattened out. And in 2010, it's starting to climb out of the recession."
For a breakdown of housing starts by municipality, read the
rest of the story.
Source: Kalamazoo Gazette
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