While Columbia has seen a downturn in new home construction, Ashland and Southern Boone County has continued to see new homes built at a rapid pace.
A total of 47 new home permits were let by the City of Ashland in the first nine months of this year, with 14 of those in the month of May. And despite last week’s hike in interest rates, Connections Bank president Bill Lloyd says he sees the trend for new homes to continue to increase in Southern Boone.
“People still get jumpy about a quarter-point,” Lloyd said, “but you can still get a 30-year loan at 5% – and that’s historically about 3% below normal. It is still a very good time to get a home loan.
~ Read more in today’s Journal ~
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