Tuesday, January 25, 2005

Iowa sees a housing boom

Justin Foss

A building boom is making a usually slow winter speed right by.

Across the state of Iowa, the number of new homes being built is dramatically increasing.

Last year in Waterloo, they saw a fifty-five percent increase.

In Mason City, fifteen percent more building permits were issued in 2004 than in 2003.

That increase is keeping construction companies very busy.

Larry Elwood builds homes and tells KIMT Newschannel Three, "And of course our main goal right now, is if anybody is moving or transferring it's more towards the springtime, before school starts or school's out sort of thing."

Experts say the boom in new home sales comes from record low interest rates and more good jobs being added to the state.