TYLER’S NEW HOME MARKET STAYS STEADY ………….
& the new home industry is a major contributor to the local economy & pumps money into it long
after a house is built. Even with the problems in home-lending mkts & downturn in new home sales
& prices in some areas, the Tyler new home mkt is steady. Prices NOT SPIKED or POOR LENDING PRACTICES have kept the market on course with 883 homes built in 2007. AVERAGE
price is $208,408. Building foots taxes, development, etc. If East Texas represented the whole country, there would be few problems. All this according to Elliott Eisenberg, Senior economist for the National Association of Home Builders speaking in Tyler October 21, 2008. Copies of the study can be obtained at
www.tylerareabuilders.com or by call THE BAINS at 903-571-2191