Milwaukee Condo & Real Estate Scene

JSOnline: Milwaukee saw slight dip in home building in 2006 - But boom in downtown construction should help job growth, mayor says

Michele Derus of the Milwaukee Journal Sentinel reported that the pace of home building in the city of Milwaukee has slowed in 2006 - in comparison to previous years. The city added 540 homes in 2006 which is 22% below that of 2005.

Milwaukee Mayor Tom Barrett isn't concerned. He believes that people are interested in moving to the city and companies want to be in the city because more of their employees live there. For this reason, Barrett anticipates an increase in the number of jobs in 2007 for the city of Milwaukee. If his prediction holds true, this will be the first time in ten years that the city will see the creation of new jobs.

Michele Derus writes more about the housing market and its impact on our economy. Click here to read more about this issue>>>

Labels: Economy

posted by David Ray @ 12:28 PM