New home permits rose by 46 percent in February over a year ago in four metro Detroit counties, according to the West Bloomfield Township-based Home Builders Association of Southeastern Michigan.
There were 277 new single-family home permits issued in February in Wayne, Oakland, Macomb and St. Clair counties, up from 189 in February 2012.
There were 118 issued in Oakland County and 99 issued in Wayne County in February. Sixty were issued in Macomb County.
No single-family home permits were issued in St. Clair County in February.
With a rebound in home sales prices, buyers feel more financially capable of building a new home after selling their current one, said Michael Stoskopf, CEO of the association.
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