News

Housing Market Making A Comeback In West Michigan

WEST MICHIGAN — Local builders say they’re seeing massive growth in the West Michigan housing market — and city numbers are supporting the claims.

In 2009, Grand Rapids issued 157 new single-home building permits. Two years later, that number was cut by more than half – with just 77 permits given out.

But 2012 saw growth of more than 35 percent, with 104 new permits issued. They’ve already given 21 in the first two months of 2013.

Permit growth is up more than 230 percent in Holland over the last 24 months and have nearly doubled over the past five years in Kalamazoo.

Builders like Nathan Abbott of Falcon Custom Homes are reaping the benefits.

“We have two homes under construction,” Abbott says. “We have another one we’re starting next week, so that’s very, very encouraging.”

Abbott remembers the market’s descent.

“It was almost a stop,” he recalls.

During the recession, Abbott and other builders had to deal with tighter budgets while still trying to build the houses their clients wanted.

“We were still able to do a lot of the creative interior elements and exterior elements,” he says, “but the square footage was maybe held in check.”

Now as the market recovers, with a hint of prices swinging slightly upwards again, more clients are jumping at the opportunity.

“That’s what we’re seeing – clients coming to us and saying, ‘Hey, this is my dream home and this is how I wanna do it,’” Abbott says.

Grand Rapids is on pace to issue more than 130 new single home permits in 2013.

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7 Comments to “Housing Market Making A Comeback In West Michigan”

    2013worldseries said:
    March 6, 2013 at 6:41 PM

    Is this true or is it another political rumor to jump start confidence and the economy?

    Truth said:
    March 6, 2013 at 7:34 PM

    Mi local Media, Stop lying! Just because it supposedly is picking up around the U.S. does not mean Michigan is included! You all will first have to get rid of the oppression and then dig the sticks out of your butts before anything good happens for you all!

    Tr123 said:
    March 6, 2013 at 10:00 PM

    I agree… it is not getting better here. The population is on a decline, people are leaving this state because there are fewer jobs and high prices.

    Guest said:
    March 6, 2013 at 10:48 PM

    Just watched your report about Falcon Homes. In the pictures you had, there was a Remax sign with a picture of Anthony Lewis (realtor). Just wondered if Falcon knew they were doing business with a registered sex offender…yes he molested his 16 year old daughter. I definately will not be doing business with them. Why are sex offenders allowed in that business? Afterall, they are in people's homes with children. Makes no sense to me.

      Mitch Fick responded:
      March 6, 2013 at 11:49 PM

      The Remax sign was in the same housing development, where a few different contractors build. We aren’t aware of any connection between Mr. Lewis and Falcon.

    Truth said:
    March 8, 2013 at 1:08 PM

    Most of the used homes on the market are being bought up by investors to be used as rental properties

    Nathan Abbott said:
    March 18, 2013 at 3:21 PM

    The home that was being framed in this news program was not a Falcon Custom Homes site. It was a home that is in the same developement and it most likely was selected by Fox News to show construction footage. John Postma is Falcon's realtor, not Anthony Lewis.

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