Coldwell Banker Pelican Real Estate’s Steven Hebert says Lafayette Parish is having its biggest year in new construction since 2007, outpacing the first eight months of 2011 by a whopping 28 percent. He says this year is even better than 2010, when the Homebuyer Tax Credit disproportionately assisted new home sales.

Through August, the overall market is up 19 percent in number of homes sold, compared to the same period last year. When it comes to dollar value, however, the numbers skyrocketed even more, with the overall market up 22 percent and new construction up 35 percent.

The average price of new homes, which make up 32 percent of all homes sold in Lafayette Parish this year, rose 6 percent – $219,000 compared to $207,000 last year, he says.

Read more from Hebert’s just-released report here.



To post a comment, please log into your IND account. If you do not have an account, click the "register" button to create one. Facebook comments can be used as an alternative to creating an account at theIND.com.

Loading
Chart
ABiz Stock Watch
o Home Bancorp 22.64 ▲0.14 (0.62%)
o Frank's International 20.60 ▲0.22 (1.08%)
o IberiaBank Corp 65.98 ▼1.17 (-1.74%)
o LHC Group 23.74 ▼0.03 (-0.13%)
o MidSouth Bancorp 18.43 ▼0.07 (-0.38%)
o Petroquest Energy 4.38 ▲0.17 (4.04%)
o PHI Inc. 42.50 ▲1.44 (3.51%)
o Superior Energy 25.66 ▲0.59 (2.35%)
o Stone Energy 23.30 ▲0.72 (3.19%)
o Facebook Inc. 73.71 ▲0.11 (0.15%)
o Twitter Inc. 40.03 ▲0.22 (0.55%)
o Gannett 31.45 ▼0.13 (-0.41%)
NYSE:HBCP

Home Bancorp

Company ID [NYSE:HBCP] Last trade:22.64 Trade time:4:00PM EST Value change:▲0.14 (0.62%)
NYSE:FI

Frank's International

Company ID [NYSE:FI] Last trade:20.60 Trade time:4:02PM EST Value change:▲0.22 (1.08%)
NYSE:IBKC

IberiaBank Corp

Company ID [NYSE:IBKC] Last trade:65.98 Trade time:4:00PM EST Value change:▼1.17 (-1.74%)
NYSE:LHCG

LHC Group

Company ID [NYSE:LHCG] Last trade:23.74 Trade time:4:00PM EST Value change:▼0.03 (-0.13%)
NYSE:MSL

MidSouth Bancorp

Company ID [NYSE:MSL] Last trade:18.43 Trade time:4:01PM EST Value change:▼0.07 (-0.38%)
NYSE:PQ

Petroquest Energy

Company ID [NYSE:PQ] Last trade:4.38 Trade time:4:00PM EST Value change:▲0.17 (4.04%)
NYSE:PHII

PHI Inc.

Company ID [NYSE:PHII] Last trade:42.50 Trade time:3:48PM EST Value change:▲1.44 (3.51%)
NYSE:SPN

Superior Energy

Company ID [NYSE:SPN] Last trade:25.66 Trade time:4:04PM EST Value change:▲0.59 (2.35%)
NYSE:SGY

Stone Energy

Company ID [NYSE:SGY] Last trade:23.30 Trade time:4:02PM EST Value change:▲0.72 (3.19%)
NYSE:FB

Facebook Inc.

Company ID [NYSE:FB] Last trade:73.71 Trade time:4:00PM EST Value change:▲0.11 (0.15%)
NYSE:TWTR

Twitter Inc.

Company ID [NYSE:TWTR] Last trade:40.03 Trade time:4:01PM EST Value change:▲0.22 (0.55%)
NYSE:GCI

Gannett

Company ID [NYSE:GCI] Last trade:31.45 Trade time:4:02PM EST Value change:▼0.13 (-0.41%)
Advertisement

Economic Indicators

  • Real Estate Data
    Real Estate
     
    Rentals
     
    Commercial
     
     
  • Energy Data
    Oil
     
    Gas
     
     
  • Taxable Sales
    Register
     
  • Unemployment Rate
    Employment
     
 

Read the Flipping Paper!

Click Here for the Entire Print Version of
ABiz
 
Advertisement
Advertisement