New home construction slowly reviving in Lynchburg

While it isn't as strong as it was before the recession, new home construction in Lynchburg is starting to rebuild, aided in part by the recently expired homebuyer's tax credit. Nationally, new construction dropped off when the tax credit ended in May, but Lynchburg builders say they have not seen a significant decline.

Buidling permits tell the story: 63 building permits for new residential construction were issued for the Lynchburg area in April, down from 66 in April 2009. In May: 79 permits for new residential construction were issued, compared to only 62 in May 2009.

Read more in The Lynchburg News & Advance....

Posted on Tuesday, June 22, 2010 - 8:46pm