The Healthiest Housing Markets for 2009

From a recent article on

11. Nashville, Tennessee
2008 total building permits: 8,142

Nashville, the 20th largest home building market in the US, operated under the radar of the national housing boom. It didn’t ramp up wildly during the boom years, and it’s not contracting viciously during the bust. Median home prices remain an affordable $152,100, propped up by a growing job base. Eighty percent of the residential construction is single-family. Some of the market’s resilience stems from above-average population growth of about 2.3% a year. Back in the day, 2005, Nashville accounted for 16,654 permits; it now runs at about half that level. But that’s a better performance than most major markets.

Read the entire new Article

If you enjoyed this post, you may also like:
New Construction Homes are Smaller
Nashville Makes News as Affordable Market
Nashville Housing Market – July Report