Building permits and new-home sales rose last month in San Diego County, offering a bit of optimism to an industry hit hard by five years of downturn, new reports showed yesterday.
However, in both cases, the numbers are far below historic trends of the last few years and demonstrate how far the home-building industry has yet to go to return to robust activity.
The Burbank-based Construction Industry Research Board reported that local jurisdictions authorized 282 units last month, more than three times the January 2009 level.
But it was still far below the most recent January peak of 1,461 units in 2005.
Statewide, total permits totaled 2,979 units, up 48.4 percent from year-agolevels also far below totals during the early-2000s boom.
Click here for more.
http://www.signonsandiego.com/news/2010/feb/25/building-permits-new-home-sales-up/
Thanks for reading!
Christine Van Tuyl
Prudential California Realty
Coronado, CA 92118
http://www.coronadoislandhomes.com
Posts
No comments:
Post a Comment