Central Ky Home Building doing ok
From LBAR.com: Kentucky existing home sales and construction growth is much higher than a year ago and growing at 37 percent compared for 2009 Q4 vs. 2008 Q4 and is outpacing the U.S. at 27.2 percent according to the National Association of Realtors® Local Market Report, Fourth Quarter 2009 for the Lexington Area.
The Central Kentucky real estate market continues to outpace several important national trends which illustrates that all real estate markets are local. In terms of price activity, Lexington enjoyed a 1.8 percent one-year appreciation (2009 Q4) while the U.S. saw a 4.0 percent decline.
. . . . And Lexington is cited as 23rd Healthiest Builder Market in U.S. according to the Builder Market Health Index computed by Hanley Wood Market Intelligence by comparing 2009 actuals to 2010 projections for key housing drivers–employment, income, home values, and population.
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