Alabama new home sales in June increased 15.9 percent from last June. Consistent with seasonal trends, sales also increased by 82 units or 24.6 percent from the prior month.
New construction inventory increased 5.6 percent from June 2014.
The Alabama Center for Real Estate (ACRE) reports that Alabama residential sales totaling 5,200 units in June reflect an increase of 17.5 percent growth from the same period a year earlier.
In new campaign efforts to bring millennials into the homebuying pool, realtor.com® is launching a five-part online video series that gives first-time buyers a humorous look at the stages of the purchase cycle. The "webisodes" feature Emmy-nominated actress Elizabeth Banks and are dubbed “The Home-Buying Process in Plain English with Elizabeth Banks.”
The Montgomery Housing Authority, with its joint venture partner North Star Development, recently received $1,220,117 in AHFA-administered Housing Credits. With that money, MHA will be able to move forward with plans to develop Columbus Square, a housing community that will be on the fringes of Old Alabama Town.
Hummingbird Landing, a new 56-unit apartment complex for people aged 55 and over, is now under construction in Andalusia and expected to be finished in late spring 2016.