Alabama Housing Market Expanded in 2012

A report from The Birmingham News suggests that 2012 may have been a pretty decent year for the housing market in Alabama after all. And that may be good news for the state in 2013 as consumers gain confidence in the economy.

According to the article, this was the first time the housing market expanded since 2005.

“Across Alabama,” author Alex Walsh writes, “the number of permits issued for new private residential construction grew 9.1 percent in 2012 relative to 2011, according to the latest data provided by the U.S. Census Bureau.”

In terms of metro-area growth, Dothan led the way with about 70 percent more permits issued in 2012 than 2011. But the Birmingham-Hoover MSA came in near the top of the list — in third, to be precise — with 27 percent growth in that time period.

Below is a table for all of the metro regions in the state from the story on al.com.

Alabama MSA 2012 2011 %
Dothan 492 288 70.8%
Florence-Muscle Shoals 385 240 60.4%
Birmingham-Hoover 2994 2362 26.8%
Tuscaloosa 901 743 21.3%
Huntsville 2264 2019 12.1%
Montgomery 800 972 -17.7%
Decatur 77 103 -25.2%
Auburn-Opelika 706 957 -26.2%
Gadsden 58 99 -41.4%
Mobile 857 1541 -44.4%
Anniston-Oxford 44 83 -47.0%