Building Permit Plummet Is Astonishing GOOD

This is good news for the resale home market. Home builders could conceivably get their inventory into line some year.

Given the huge over production in 2004 and 2005 and the low sales since, there is still a huge over supply of new home inventory. At least the graph is headed in the right direction.

August 26, 2008 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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