GREEN BAY, WI (WTAQ) - New home construction is booming in Wisconsin’s five largest metro areas, compared to a year ago.
MTD Marketing Services said today that 408 building permits for new homes were issued last month in Metro Milwaukee, Dane County, Racine-Kenosha, the Fox Valley, and the Green Bay-Door County region. That’s up a whopping 42 percent from July of last year.
The largest percentage increase was in the Fox Valley, where 73 building permits were issued last month compared to 46 at the same time in 2012.
Dominic Collar of MTD said builders who were “on the sidelines” for the past few years started working again. He also said new builders were coming out of the woodwork, and more established outfits are reporting higher levels of consumer confidence.
Collar said Wisconsin’s biggest home construction markets are in, “the early stages of recovery” – and some parts of the business actually have labor shortages at the moment.