The new construction home market has been in decline for some time now, but it is starting to pickup in a few areas. One of those areas is the Salt Lake Metro area which was named the 6th most active metro area for new construction home permits (source Trulia).
In the third quarter there were 2.64 new home permits per 1,000 existing homes in the Salt Lake Metro area. The two best areas were both in Texas, Houston 3.68 permits and Dallas 3.41 permits.
Those areas are that are now recovering are ones that experienced a combination of a milder recession, and a growing population (both things found in Salt Lake).
Even with this recent recovery, home building levels are still only a fraction of those seen in the mid 2000’s.