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Civita attracts house-hungry buyers


Wednesday, August 6, 2014

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New housing construction has been slow to rebound from the recession as well, which hasn't helped offset demand. According to a recent report from the National University System Institute for Policy Research, an average of 15,000-16,000 new housing units were added per year before the economic downturn. Then residential construction countywide crashed to lows around 3,000. "Since a low point in 2009, the number of units rose to 8,315 added during 2013, just a little more than half of pre-recession levels and still 3,300 housing units lower than the annual average added between 1990 and 2006," the report said.