By Jeff Daley – email
HATTIESBURG, MS. - New home sales in the Hattiesburg area are surprisingly stable especially when compared to the numbers.
Wednesday it was reported that new home sales last month plunge 33% on the national level. That's the lowest number ever recorded going back 47 years when record keeping first began.
Despite the loss of the home buyers tax credit stimulus, new home sales in the Hattiesburg area has actually increased over last year.
"Certainly the tax credit did put some people in homes and we will see a little bit of a lag in the summer months due to the heat and people on vacation, " said David Thompson, part owner AAA Builders of Mississippi. " As school starts back and with interest rates as attractive as they are this market is going to rebound and continue to grow".
Thompson added that new home sales in Hattiesburg were up one percent over last year, however total dollars were slightly down.