The graph above shows the number of new single family homes sold per year in Harrisonburg and Rockingham County, per the HRAR MLS. 

We saw a 78% decline in these new construction single family home sales between 2005 (186 sales) and 2010 (41 sales).  During the past two years, however, we have gradually seen the pace of such sales start to increase again --- with 41 sales in 2010, then 45 sales in 2011, and 48 sales in the first 11 months of this year.

The median price per square foot of these homes has also stabilized around $129/$130 per square foot --- after rising as high as $150 per square foot.