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Home sales sign of improvement in Michigan's economy

A home being built in Norfolk, VA
Ryan Steinhour
U.S. Navy
A home being built in Norfolk, VA

(by Rina Miller, Michigan Radio)

Michigan actually fared better in new home sales than other parts of the nation.  Some economists say improvements in the auto industry are helping stabilize Michigan's economy.

Bernie Markstein, with the National Association of Home Builders, says Michigan's problems were a little different than states like California, Florida and Georgia, "Essentially there was not that craziness in overbuilding that affected certain parts of the country during the housing bubble," Markstein says. "You're being affected by classic bad economic times, in which a recession has hit you particularly hard, and that's where the problem has really been."

New home sales in the Midwest were down 8% in July over June compared to almost 12.5%  nationally.

Mark Brush was the station's Digital Media Director. He succumbed to a year-long battle with glioblastoma, an aggressive brain cancer, in March 2018. He was 49 years old.