As a feature story in the Springfield Business Journal’s annual “Residential Development” focused issue this week, SBJ’s Maria Hoover writes that the local home building economy, while filled with ups and downs, appears to be stabilizing.
The lead of the story reads: “Just a few months can make a big difference, and a series of ups and downs seems to be par for the course when it comes to tracking new home construction in the Ozarks.”
For the story, Hoover interviewed HBA builder member Rick Ramsey (Ramsey Building Company) and HBA of Greater Springfield CEO Matt Morrow. The coverage noted that while housing starts in recent years have been well below normal, local new home inventories have greatly reduced. Forecasts from the HBA’s recent Ozarks Regional Housing & Construction Conference indicate that a modest increase over current home building levels will be needed in the market within the next four to eight months.
This week’s print edition of the Springfield Business Journal also features highlights of the HBA of Greater Springfield’s 59th annual Parade of Homes, including photos and summaries of all thirteen homes on this year’s Parade.
To read the full story on SBJ.net, click here.