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Welcome! This blog tracks the real estate market in the Central Shenandoah Valley, featuring market data and analysis, an exploration of common buying and selling questions, and candid commentary on all things real estate.

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Student Housing


In Theory, Construction Is Booming!
February 22, 2008     Filed In:  development, government, harrisonburg, new construction, rockingham county, student housing
Building Gearing Up

Are builders gearing up?  (Daily News Record)

Yes, and no!  Read on...

Building Permits Issued Per Year:

YearHarrisonburg
Rockingham County
2007
748
558
2006
219
673
2005
388
785
2004
287
745

So....the number of building permits has definitely increased, BUT a large portion of the City of Harrisonburg building permits are for multi-family student housing projects.

Though not having conducted a wide survey, I would guess:
  • local subcontractors might be doing o.k., if some of the out-of-town student housing developers are using them for their projects, but,
  • local builders aren't doing as well, with much higher inventory levels (which varies by price range).
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