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Article: Job growth spurs new home sales in Fort Worth, Texas, analysts say.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- July 14, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Andrea Jares, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News
Jul. 14--The fuel for the Metroplex's robust new housing market is starting to shift to job growth instead of ultralow financing, analysts said.
The more than 11,500 home starts from April through June were the most ever for a second quarter, according to reports released Tuesday by housing analysts Residential Strategies and Metrostudy.
Area housing analysts also said there were more than 42,000 home starts in the last 12 months -- the most in any 12-month period in decades.
"We've gone from a period where we had about three years of job losses ...