Anyone Want A Building Permit?…Anyone?

Anyone Want A Building Permit?…Anyone?

In February, the number of building permits issued for housing construction reached a record breaking low.  The number of permits issued is the lowest since the statistic was first tracked in 1959.  What does this mean?  That the housing market isn’t making a triumphant comeback.  No, not yet, and probably not soon.  Lack of jobs, huge gas prices and every other uncertainty is forcing our hand off home construction.

Mortgage rates and house prices are quite low right now, and so the statistic makes sense.  Why build and deal with the nerves and uncertainties of an unpredictable market when there’s an alternative?  Take advantage of mortgage rates and lower house prices.  You’ll sleep better.


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Housing Assist Coldwellbanker