KY3: Future Looks Bright for New Housing in Southwest MO

Even amid lackluster national housing numbers, home building in the Ozarks (while certainly affected by the economic downturn) has reason for optimism. Joe Zanola (Zanola Company and MarketGraphics Research Group) presented his annual fall construction forecast at a meeting of the members of the Home Builders Association of Greater Springfield on Tuesday, September 20, 2011.

KY3‘s Jay Scherder covered the event, and interviewed Zanola and HBA of Greater Springfield CEO Matt Morrow for his story (watch below). The bottom line: Builders in southwest Missouri markets responded more sensibly to the national economic downturn than builders in many other markets in the U.S. As a result, this market was later to sink into recession, never sank as deeply as most, and likely will be among the first markets to emerge. Watch the full story below: