New homes in Alabama are selling at an increasing rate, according to a report by ACRE Corporate Cabinet, which as found that new home sales in the state are up 15 percent from April 2012. Thus far for 2013, new home sales are already up 13.1 percent. Mobile is leading the state in terms of the highest amount of sales growth, with a recorded growth rate of 69 percent. Tuscaloosa was next with 54 percent, Birmingham with 30 percent, and Montgomery with 11 percent.
The Mobile movers have found that Huntsville, however, actually had a negative level of growth, at -16 percent. Alabama’s new home sales growth rate underperformed the national average, but regions from the Southern US are up 37.5 percent from April 2012. As far as what’s to come? April 2013 had 9.7 percent more building permits filed than April 2012.