Longview housing permit updateLongview housing permit updatehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=89932012-11-16T10:50:00Z2012-11-16T00:00:00Z

LONGVIEW - The value of new single-family home construction permits issued in Longview was $26.9 million in the fiscal year ending September 30, 2012. That was down about 6 percent from the $28.5 million worth of homes built in the city in the same period last year.

In that period, 161 single-family permits were issued, down from 183 permits issued the previous year.

In September, HomeVestors of America and Local Market Monitor named Longview among the ten best small towns for housing investment in the nation. Corpus Christi ranked No. 4 on the list, Tyler No. 7, and Longview No. 8 because they are considered less risky for investors looking to purchase single-family homes as rental properties.

There were 482 permits issued for home remodeling work in the past year, up by 22 percent above the 396 the city issued in the previous fiscal year. The value of those permits was up 8.1 percent from a year ago with $4.59 million worth of permits issued compared to $4.24 million the previous year.

New Longview Single-Family Home Permits
Fiscal year Single-Family Construction Value
2010-11 183 $28.5 million
2011-12 161 $26.9 million
Difference -22 -$1.6 million


New Longview Single-Family Remodeling Permits
Fiscal year Single-Family Construction Value
2010-11 396 $4.24 million
2011-12 482 $4.59 million
Difference 86 $350,000

Read more at the Longview-News Journal.

Longview News Journal
http://www.news-journal.com/business/local_business/longview-area-builders-see-move-forward-in/article_ae049b0a-095a-560d-8780-6ae225c6ce85.htmlRead more at {Source}

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