New housing market booming in the Tri-State, local companies say - KSLA News 12 Shreveport, Louisiana News Weather & Sports

New housing market booming in the Tri-State

CINCINNATI, OH (FOX19) -

Five years ago the new housing market was in rough shape, but now the housing industry is experiencing a boom.

When the housing market crashed, construction workers were laid off or couldn't find work. Now it's a much different story.

"We've been hiring," said Fischer Homes Corporate Marketing Manager Steve Whaley. "What you also hear is out on the supplier side, people that were making drywall, they may have moth balled plants that were making drywall. Now they're bringing things back online as they see houses come back."

Whaley says new home sales are up 30% this year compared to 2012, and he believes people will continue to buy new homes.

"You look at the numbers of homes for sale, compared to how many there were in 2007 in Cincinnati. There are 40% fewer homes in the market," said Whaley. 

Home prices are also on the rise. According to experts, prices were up 12.2% from May 2012 to May 2013. That's the biggest one year increase since March 2006.

Copyright 2013 WXIX. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • 50 employees fired after refusing flu shot

    50 employees fired after refusing flu shot

    Wednesday, November 22 2017 2:14 AM EST2017-11-22 07:14:40 GMT
    Wednesday, November 22 2017 2:14 AM EST2017-11-22 07:14:40 GMT
    At least 50 enployees at a health company have lost their jobs after refusing to get flu shots. (Source: KBJR/CN)At least 50 enployees at a health company have lost their jobs after refusing to get flu shots. (Source: KBJR/CN)

    Since September, employees have been given three options:  Get the flu shot, get an approved religious or medical exemption, or leave Essentia. At least 50 people have lost their jobs thus far.

    More >>

    Since September, employees have been given three options:  Get the flu shot, get an approved religious or medical exemption, or leave Essentia. At least 50 people have lost their jobs thus far.

    More >>
  • Report: Barton said he'd go to Capitol Police over photo

    Report: Barton said he'd go to Capitol Police over photo

    Thursday, November 23 2017 1:12 AM EST2017-11-23 06:12:14 GMT
    Thursday, November 23 2017 4:54 AM EST2017-11-23 09:54:00 GMT

    A published report says U.S. Rep. Joe Barton of Texas told a woman to whom he had sent sexually explicit photos, videos and messages that he would report her to U.S. Capitol Police for exposing his behavior.

    More >>

    A published report says U.S. Rep. Joe Barton of Texas told a woman to whom he had sent sexually explicit photos, videos and messages that he would report her to U.S. Capitol Police for exposing his behavior.

    More >>
Powered by Frankly