Home starts in Chattanooga, Tenn. are on pace to hit their highest mark in seven years, reports the Chattanooga Times Free Press.
Although the number of starts are still well below what they were prior to the recession, they have consistently risen in recent years and are on track to hit 1,505 for 2015.
In 2005, 4,484 homes were built, 3,984 in 2006, and 2,927 in 2007. Starts dipped to their lowest point in the last decade in 2010 with 1,225 before steadily climbing in the following years.
"Overall, home starts in the markets we track are doing well and appear to be growing at a sustainable level along with jobs and population," said Dale Akins, president of Knoxville-based Market Edge LLC, which tracks building permits in Chattanooga and 14 other MidSouth markets. "We're not anywhere near the levels we saw before the recession, but I'm not sure we want to be since those levels were highly inflated."