according to a report compiled by McGraw-Hill Construction out of New York the number of contracts signed on future construction projects in the Dallas-Fort Worth area grew in the residential AND non-residential sectors in April. This would suggest some thawing out in the new construction market. their report concluded that contracts filed on new non-residential construction projects in DFW totaled $421 million in April which is up 6% from the same time last year. meanwhile, the total contract value on new residential construction filings hit $383 million which signifies a 25% jump from the same period last year. see the whole story in the Dallas Business Journal here http://tinyurl.com/29mlwoa
being that construction contracts for future projects are a LEADING indicator one would conclude that the real estate sky is NOT falling! can you see a housing demand tsunami building???