Construction activity on the Eastside highest ever?

[EastSider]

I see new homes/buildings being constructed all over the eastside. I haven't seen so much construction on the eastside in many, many years.

- Just in downtown Bellevue, they are at least 4-5 high-rise (condo?) towers coming up.
- There are multiple new home/townhome communities coming up around the Microsoft campus (Camwest, Bennet, Shea, Puget, ElementRedmond etc, etc).
- Builders are building new homes even on lots that can accomodate 2-homes (eg: close to the intersection of 8th St & 148th Ave NE).

Makes me wonder how all this will end on the eastside.

[deejayoh]

Seems like you are right - check out the building trend, not just for the east side, but for the whole region. For all of those data-deprived folks who claim we have such huge job growth that it will drive prices higher - here's where they're gonna live... 8.5% permit growth vs. 3% job growth. 2005 is the most recent I could find, but I believe 2006 was accelerated beyond this. Anyway, it doesn't seem like there will be a shortage!

[deejayoh]