Housing starts plummet in N.C. triangle region

05/6/2008 | American City Business Journals

Housing starts in North Carolina's research triangle fell 44% in the first quarter as a result of cautious banking and construction industries and a large inventory of homes priced over $400,000, according to a report by Metrostudy. The number of vacant, developed lots reached a 25.7-month supply in the quarter, significantly higher than a 16- to 20-month supply that's considered healthy.

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