Home Market Crunch - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Cape Girardeau, MO

Home Market Crunch

Home Market Crunch
By: Wes Wallace

CAPE GIARARDEAU, Mo. - Despite the record high for the Dow Jones Industrial Average, there's another market that's not doing so well.

According to the National Association of Home Builders/Wells Fargo, the new home building index is at a 16-year low.   However, at least one Heartland home construction president said that's not the case locally.

"Cape Girardeau is down a little bit. It never gets really good.  It never gets really bad,"  said Mike Peters, President of California Homes of Missouri. "The market nationally is on a downside a little bit, but it's on the upswing here."

Peters said Cape Girardeau seems to be insulated from a lot of national trends for various reasons.

 

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