JLC • NEW ENGLAND UPDATE • FEBRUARY JLC • NEW ENGLAND UPDATE • NOVEMBER 1996
New England Set
For Rebound?
Signs suggest surge at hand
While politicians spent the summer
debating the health of the
national economy, the foundations
of the New England construction
economy continued to
grow ever more solid, setting the
stage for what may be a period
of sustained, steady growth. The
signs pointing to this likelihood
have gone from encouraging to
positively reassuring. Building
permits, home sales and prices,
and employment have all risen
significantly over the last year,
while housing inventory (the
amount of housing waiting to be
sold) has dropped.
The changes in employment,
income, and housing inventory
are particularly encouraging. In
August in these pages (see "N.E.
Housing