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In the article below, nationally,  new construction for the month of September is showing some positive change.  Although off versus a year ago the trend is moving in the right direction and signaling some stability.  In Anchorage, Alaska new home sales for the month of September was up 7% and sales year over year were up 5%.  Prices versus a year ago are down 4.3% for new homes.  The average price of a new home in the Municipality of Anchorage was $436,572.

Remember, my business is built on referral,  If you or anyone you know needs professional Real Estate Services, please c0nsider me.  I can be reached as follows:

Michael J. Droege, Prudential Jack White/Vista Real Estate, mjdroege@gci.net, www.MichaelDroege.com, 907-230-3372

Daily Real Estate News | October 28, 2010 | Share New-Home Sales Rise; Builders See Stabilization Sales of new homes rose 6.6 percent in September to a seasonally adjusted annual rate of 307,000, the U.S. Commerce Department said Wednesday. Sales have been on the increase for two months, although year-over-year, new-home sales in September were down by 21.5 percent. “After dropping precipitously following the expiration of the first-time homebuyer tax credit, it looks as though new home sales have stabilized,” said Nicholas Tenev, an economist at Barclays Capital. “We expect a gradual recovery over the coming months.” Meanwhile, the National Association of Home Builders on Wednesday cut its 2010 forecast for single-family home construction, but predicted that home building will begin to recover in 2011 and 2012. Source: MarketWatch, Steve Goldstein and The Wall Street Journal, Jeffrey Sparshott (10/27/2010) Browse all of today's news