Cleveland maintains 1st place ranking in new housing construction

From:
Community Development
Joseph Skrabec, Community Development
jskrabec@city.cleveland.oh.us

For Immediate Release:

Cleveland maintains 1st place ranking in new housing construction

November 28, 2006 – City of Cleveland officials working with Calabrese, Racek, and Markos, Inc. (CRM) Development Research today announced that Cleveland issued a total of 183 new for-sale residential permits during the first three quarters of 2006, the most in Cuyahoga County. Tied for second place in Cuyahoga County were Westlake and North Royalton with 79, followed by third place Berea with 73.

“This is further evidence that, together, we can create neighborhoods of choice in the City of Cleveland,” says Mayor Jackson. “Cleveland has a lot to offer. We want to make sure developers, potential homebuyers, and business know that we are a great City with quality affordable and market-rate housing in our neighborhoods.”

Cleveland also moved up to third place from sixth place in the seven-county region. The first place city was North Ridgeville City with 283, followed by Avon City with 201.
CRM Development Research is a subsidiary of Calabrese, Racek, and Markos, Inc., a full service appraisal firm. This division monitors market activity for new residential development throughout the Northeast Ohio region.

For more information on the City of Cleveland’s new home construction, please visit www.city.cleveland.oh.us or call 216-664-2869.


(216) 664-4597,
Trista McClelland, CRM Development Research
(212) 696-5442 ext. 403, tristaCRM@aol.com