Roanoke Housing Market Shows Signs of Growth - FOX 21/27 WFXR Roanoke/WWCW Lynchburg News, Weather

Roanoke Housing Market Shows Signs of Growth

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The numbers paint a pretty picture for home builders like Al Cooper.

New home permits in the Roanoke Valley are at a four year high according to the Roanoke Valley Association of Realtors, and Cooper has seen a renewed interest this summer from those looking to buy.

"That's why we had some improved sales in August because the traffic has been up for two or three months," Cooper said. "It caused people that were looking to go ahead and decide to buy."

That enthusiasm is giving the housing industry as a whole more confidence.

On Tuesday, Ply Gem Windows announced it will expand, investing $9.1 million in its Rocky Mount facility.

It's a decision the company based in part on an anticipated boost in the housing market.

The rebound in the Roanoke Valley housing market is also providing a boost for people looking to sell their home.

Melissa Sheaffer has been working to sell her home in Blue Ridge for more than three years.

"Two years ago we decided to list it again and we didn't get any foot traffic in six months," she said. "I think we had one person come through the house."

Sheaffer decided to give it another shot this fall and within two weeks of putting it on the market, her house sold at the listed price.

"We were floored, actually," she said. "We couldn't believe that we were getting the amount of interest that we were getting in such a short period of time, whereas before we just kept waiting for the phone calls and they just never came."

It's those types of success stories that have builders like Cooper excited that the local housing market is trending in the right direction.