Dane County housing starts remain sluggish

Dane County housing starts decreased from 68 in August of 2008 to 55 last month, a drop of 18%.

The graph below shows monthly housing starts dating back to January of 2005. Each red dot represents a decrease from the same month of the prior year. Each green dot represents an increase.

The market for new construction has fallen a long way. The August total of 55 housing starts is the lowest total for any month of August since 1999, when the housing start statistic was started. The peak year for the month of August was 2005, when 219 housing starts were initiated.

With declining new construction and a growing number of foreclosures, it's clear distressed property sales will continue to play a growing role in the market for the foreseeable future.

Thanks to Dominic Collar from MTD Marketing Services of Wisconsin for sharing his data. For more information, you can contact Dominic directly at 920/993-8435. You can also check out our full housing start report on the economic trends page at DaneCountyMarket.com .

Have a good Sunday,

Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com