Surprise! Housing Starts Surge (So how is Maggie Valley?)

WASHINGTON -- Housing construction posted a surprisingly large increase in February, bolstered by strength in all parts of the country except the West.

While the surge in construction was far better than the continued decline economists had expected, experts viewed the rebound as a temporary gain given all the problems the housing industry still faces.

The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent in February compared with January, pushing total activity to a seasonally adjusted annual rate of 583,000 units. (By Martin Crutsinger - The Associated Press)

(Haywood County, NC) Maggie Valley has not seen the effects of this new construction surge. Many of these new starts appear to be in the rental/apartment sector. That is not the focus of our construction industry. We are focused on resort/second home sales.

We previewed a beautiful new Log construction in the Cove, today on caravan priced in the $600,000's. It is about 2/3 complete at this time. And i have a new home that is in foreclosure for sale - see complete details at: http://www.mountainheritage.com/listings/l0013.html

Lynda Bennett, a Peak Experience since1986