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From WOODTV 8 Website:

GRAND RAPIDS, Mich. (WOOD) – Last week, the U.S. Commerce department reported a 17% drop in new home sales nationwide, but some West Michigan builders said that’s not the case for several local communities.

Total housing permits for the Grand Rapids market are up 16% from one year ago; which may be surprising, considering the inventory of existing homes.

One builder said the boom is happening in a very narrow segment of the market…

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