Des Moines Real Estate Blog

Your Economist of Choice, Your Realtor of Choice

  • Adam Van Lin, Realtor
    Burnett Realty
    10200 Hickman Rd. #100
    Clive, Iowa 50325
    Cell 515.344.1068
    Fax 515.331.3401
    Licensed in Iowa

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A Couple Leading Indictors

Posted by adamvanlin on October 6, 2011

Just a short post and update on some leading indicators in the Des Moines housing market.  The number of new residential building permits shot up last month, but the yearly average is still negative.  Construction and manufacturing employment are both trending upwards, but are only in the 0% – 2% range right now.  At these levels in permits and construction/manufacturing employment, we can expect housing prices to stabilize for the next several months without much action.  Better to have no price movement than falling prices.

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