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Last updated on Thursday, October 20, 2016, 11:45 am

Skyline Report: Northwest Arkansas building activity, absorption increase in 2016

The latest edition of Arvest Bank’s Skyline Report was released Thursday (Oct. 20), with more evidence showing that demand conditions in the residential real estate market remain robust. In the first six months of 2016, the number of residential building permits increased, the supply of remaining lots decreased and the number of complete but unoccupied houses remained low. The Northwest Arkansas residential lot supply again recorded its lowest level since 2007, with 46.1 months of supply, compared to 48.3 months’ supply available at the end of 2015.  “In a fast-growing economy like the one we are experiencing, it is not unusual to see supply outstrip demand slightly,” said Kathy Deck, lead researcher for the Skyline Report at the Center for Business and Economic... [ MORE ]

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