2023 Development Review studies Huntsville’s growth and residential market

[Steve Stinson]

Published on February 27, 2024

Huntsville’s residential building boom appears to be catching its breath after years of construction at a furious pace. However, with continued growth in population and new jobs, forecasts indicate that 2024 will still be higher than the 10-year average for residential construction, a study from the City’s reveals.

Photo credit: GTEC/Marty Sellers

The showed the city’s population is continuing to grow even as the real estate market for single-family homes moderates. Data for this report was obtained from City records and the Valley Multiple Listing Service.

“The 2023 Development Review data is a good indicator of Huntsville’s economy. Residential and commercial sectors remain strong and well above our 10-year averages,” said Shane Davis, the City’s Director of Urban and Economic Development. “The data confirms our strategy of managing growth while maintaining a good quality of life.”

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