Puget Sound construction on the rebound

Posted: March 9th, 2011 by Just Real Seattle

The Seattle Times notes that home construction rose at the  fastest rate in 20 months, jumping 14.6% from December, while multifamily construction saw an 80% increase.
 
And greater plans are in the works – several new projects in the Puget Sound area that focus on sustainable, public-oriented waterfronts are in development. Just one of them, Point Wells in Richmond Beach, is a $1 billion project that could add up to 4,500 new residences. For its part, Michigan-based Pulte Group also announced the development of 70 townhomes at Issaquah Highlands after    purchasing another 600 undeveloped lots in Snoqualmie Ridge II.
 
So while dismal housing news continues to permeate the news, the undeniable reality is this – the growing sound of cranes, hammers and bulldozers doesn’t lie.

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