Panama City- There are some positive signs pointing to the local housing market and construction industry making a comeback.
Some of those signs are in Walton County.
"Construction in this immediate area pretty much shut down in 2006. It even went to absolute zero in years to follow that," said Hunter Harman, a real estate broker.
After several construction projects began in early 2012, officials believe the industry has a few signs of hope.
"This reflects a little bit of beginnings of previous cycles. Even though this particular cycle was such a deep correction, I do believe we have superior infrastructure now to move this market forward in a pretty dramatic fashion," said Harman.
Harman works with Beach Properties of Florida which teamed up with Kolter Homes to build “Nature Walk” a new subdivision in the Seagrove area.
Harman believes a change in the housing market plus new area amenities such as Northwest Florida Beaches International Airport will help the new community take root.
Nature Walk opened to the public last weekend.
"300 guests came through during our opening weekend. We have multiple home sales in place and we expect that to continue going forward," said Harman.
Nature Walk isn’t the only new neighborhood in town.
There have been reports of several new subdivisions and restaurants across the panhandle.