Light Drizzle
49°FLight DrizzleFull Forecast

Housing starts in Sangamon County falling

Published: Monday, March 18, 2013 7:25 a.m. CDT

SPRINGFIELD, Ill. — Building permit records reveal that housing starts in eight of Sangamon County's largest communities are falling.

The (Springfield) State Journal-Register reports that a total of 244 permits were issued in 2012 in Springfield, Chatham, Auburn, Sherman, Rochester, Riverton, Williamsville and New Berlin. That's 20 percent fewer permits than the 304 permits issued in 2010.

Dave Mathews, the president of the Springfield Area Home Builders Association, says what happened in 2012 is a continuation of what started in the years since the economic downturn.

But industry experts say there is reason for optimism. Dave Cave, the president of the Capital Area Association of Realtors, says that despite the fact that the number of new homes being built and sold has fallen, the median sale price has continued to climb.

Get breaking and town-specific news sent to your phone. Sign up for text alerts from the Northwest Herald.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Reader Poll

After a quarter of the season, how would you grade the Bears?
A
B
C
D
F