February 26th, 2016

Grand Rapids, West Michigan New Home Construction Stats for 2015

Categories: Allendale MI New Homes, Construction Industry News, Grand Rapids Area New Homes, Holland MI News and Notes, Holland MI Real Estate News, Maplewood Homes |

Maplewood Homes Building in Allendale in 2015

Maplewood Homes Building in Allendale in 2015

New homes construction in West Michigan peaked in 2004 with 4,550 homes being built.  Between 2004 and 2009, our local home building industry fell 81% to a low of just 838 homes.  In 2015, there were 2,307 new homes built in Kent, Ottawa and Muskegon counties and the surrounding area.  This is a 7% increase over 2014, but we are still building at only half (51%) of pre-recession levels.  We believe that today’s market is at a healthy and sustainable level of new construction.  After years of stagnation, there are new subdivisions and building lots becoming available and the labor force is slowing improving.  Challenges remain, but things are definitely looking up for 2016!

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