I admit I’m an optimist when it comes to our local economy. As a business owner, I have to balance that optimism with practicality. There’s also a self-imposed responsibility to contribute to the fiscal strength of our region. Over halfway through 2012, I’m proud to say that Black Canyon Builders has created three new jobs, and we’ve broken ground on three new projects in the past few months alone.
I’m hoping we’re helping to set the beginning of a trend. The national outlook, according to the National Association of Homebuilders, is looking guardedly optimistic. Check out this graph, courtesy NAHB:
Single Family Home Starts and Permits, Courtesy NAHB
Starts and permits have been on a consistent upswing since the second quarter 2011, which has resulted in a high levels of builder confidence. According to NAHB, “The question is whether the building recovery in housing will be affected by the slowing of the rest of the economy. In general, while we expect occasional ups and downs for housing, the forecast calls for continued improvement for housing markets.”
Read the full article, here.
Bringing it closer to home, six permits were issued for single family home residences (or remodels of notable size) in July 2012. This is slightly up in numbers from one year ago (July 2011), but significantly higher in economic impacts.
Let’s hope this slow, but steady, recovery continues.
Thanks,
Jared
