Nashville housing market on the upswing

Nashville housing market on the upswing

The Nashville region’s housing market has recovered and is growing again, but potential headwinds could hamstring any improvement, a national economist told local homebuilders today.

Brad Hunter, chief economist for Metrostudy, said he expects construction activity in the region to rise by 19 percent this year over last year.

“I think the Nashville market has already recaptured its strength and is now embarking on the next upswing,” he said at a Home Builders Association of Middle Tennessee luncheon at LP Field.

The recovery, and growth, will be led by Rutherford and Williamson counties as builders increase their focus on outlying submarkets that are favored by buyers and have more available land, he said.

But tightening supplies of lots, labor and financing threaten to stymie any growth, he said.


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Phone: 615-973-6363
Dated: February 13th 2013
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About Dorothy: Dorothy Lee’s 22+ years extensive knowledge and experience in Real Estate provides her a unique v...

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