Low interest rates keep Wisconsin home builders busy, but supply shortages a cause for concern

By Jeff Bollier, Green Bay Press-Gazette

GREEN BAY – Low mortgage interest rates helped fuel an 11% increase in new home construction in northeastern and Central Wisconsin, even as the national economy endured its worst downturn in history. 

New home construction permits issued during the first half of the year increased to 1,454 in a 16-county area that includes the Green Bay, Appleton, Oshkosh, Wausau, Stevens Point, Sheboygan, Manitowoc, Marinette and Fond du Lac metro areas.

The strong activity came at a time when statewide housing starts are down 3.8% for the year, Wisconsin Builders Association data shows.