Tag Archives: recession

Housing market back from recession

Betty Bean
Government/Politics columnist

Knox County’s residential housing market, the engine that drives the local economy, has bounced back from a long string of tough years, and those involved in building, regulating and counting the money are happy to put the recession years in the rear view mirror.

“We’re really pleased to see single family home construction recover so well,” said Dwight Van de Vate, Knox County’s senior director of engineering and public works. “Pre-recession, we would sometimes see almost 250 homes a month – clearly unsustainable. Then we cratered to a low of 35 one month. It’s been a wild ride. Now we have robust, fairly stable development, at levels we can manage. It’s a good place to be.”

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