Alaska Residential Construction

Construction of new homes seems to have finally stabilized after an up-and-down decade. The word 'feverish' was frequently used to describe the pace of residential construction in Alaska between 2001 and 2005 as around 3,000 new single-family homes went up each year. But after reaching a peak in 2005, building activity began to decline as early as 2006, dropped precipitously in 2007, then bottomed out in 2009.