Years of World Equestrian Games planning enters the execution phase at the Kentucky Horse Park
State road builders worry about capacity to fund a system vital to the nation’s and commonwealth’s economies
Bottoming Out
After long decline, Kentucky metro housing starts are trending up
Diamonds from the Rough
Housing Authority spins $20 million grant into a sparkling
new neighborhood project totaling nearly $100 million
Strategic Partnership
Keeneland allies with one of the nation’s oldest luxury resorts to expand its customer base
UK professor and national economic expert Ken Troske discusses the uncertainties of the current global economy
Bottoming Out
After long decline, Kentucky metro housing starts are trending up
Housing demand in three Kentucky metro markets – Louisville, Lexington, and northern Kentucky – are static or trending upward based on recent studies by MarketGraphics Research Group. The research firm updates its estimates every four months. The studies are based on field investigations of available residential lots on which housing construction has been initiated, housing under construction, building permits issued, sales of housing, sales prices of housing, and compiled estimates of demand, price and absorption.
The studies are conducted by a field auditor who drives the streets of active new home subdivisions to determine the inventory of lots and homes. Raw data are then processed, analyzed and compiled into a final report. When initiating a study in a new market, the firm will gather approximately 10 years of historical data.
The housing research tracks market conditions to determine if the industry is under-building or over-building in a given area or price-point.
The Lane Report has selected recent data and several charts from the research firm’s full reports to provide an overview of housing trends in Kentucky’s major markets. Comments on data are noted in footnotes below each chart.
