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Montgomery County 2007 Housing Permits Down 29%
I recently received an informal report from a vendor in the real estate services industry, where they gathered the county information regarding home construction. This helps them in establishing thier forecast for 2008.
Here, sans any interpretation, are the numbers:
Permits Issued by County
2007 Montgomery 553 units. Net change -29% from 2006 and -44% from 2005. 2007 Warren 1100 units. Net change -34% from 2006 and -56% from 2005. 2007 Greene 593 units. Net change -20% from 2006 and -57% from 2005. 2007 Butler 976 units. Net change -44% from 2006 and -65% from 2005. 2007 Hamilton 907 units. Net change -40% from 2006 and -57% from 2005.
Total 2007 4129 units. Net change -36% from 2006 and -58% from 2005.
I welcome your comments. In a previous post I stated that things would rebound once inventory is worked through. What do you think?
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Tim Hall:
Licensed Real Estate Broker, actively selling since 1993. Co-founder of Re/Max Central Properties, with my wife, Bell Hall, and team-leader for a team of 7. BA from Capital University and a US Navy Veteran CU-60 U.S.S. Saratoga. Father of 3 - Alicia, Erica, and Amber; and grandfather of 1, Ava.
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