Archive for Thursday, January 7, 2010

New housing starts down

January 7, 2010

New housing starts of single-family homes in Eudora hit a 10-year low as just three new homes were built in 2009.

The total is down from the 12 new housing starts in 2008. Building permits for single-family homes had decreased between the years of 2003, when 117 permits were issued, and 2007, when just 9 permits were issued.

Totals for 2008 were up three from the prior year, but this year the number again fell.

The valuation of the three homes totaled $330,497.

Eudora City Administrator John Harrenstein said he thought the lackluster total was a result of the failing national economy, rather than being symptomatic of any problems specific to Eudora.

“The lack of housing starts was directly related to the national economic downturn,” he said. “While we don’t have any plans to see any new starts, we hope 2010 will have more permits than 2009. And I think Eudora remains an attractive community for people to come and live.”

Sheri Caldwell, new homes specialist for Reece Nichols Premier Realty, said it was realistic to hope for home appraisals to stabilize, but not increase.

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