states where no one wants to buy a new home

states-no-one-buys-new-home-247: Personal Finance News from Yahoo! Finance
4. Michigan
Building permits/total housing units: 0.09
Decline in building permits (2005-2011): -82.19% (7th largest)
Building permits 2011 YTD: 4,250
Total housing units: 4,532,233
Michigan is one of the states that has suffered the most from the recession.
The state's unemployment rate peaked around 15% in 2010.
It is now at 10.5%, which is still significantlyhigher than the national average of 9.2%.
The state has a vacancy rate of just under 15%, which is one of the highest in the country.
New building permits have also decreased by over 80% since 2005, also one of the highest rates in the country.
The state may now be more focused on tearing down old buildings than building new ones.