Birmingham-area building contracts down sharply


Again the Birmingham News cites us “January is usually the least important month of the year in terms of these numbers,” said Tom Brander, author of the Rudulph-Brander Monthly Birmingham Area Real Estate Report. “That being said, this really is even in our markets a relatively historic drop.” Click here for their full article.

As we mentioned in our overview published January 15, 2008 “Normally January is a down month, but this is one of the worst month to month declines we have seen. This is a 29%, deterioration from last January 2006 ($240,034,527), against 9% more active listings.” See here for our article.

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