Residential Building Permit Trend Report – 2nd quarter 2009
Residential building permits from The Market Edge are available now for 2nd quarter 2009. See the link for more detail Residential Building Permit Trend Report.
The Residential Building Permit Trend Report has data from States of North Carolina, Georgia, Tennessee, Kentucky, and South Carolina.
FINALLY… POSITIVE TRENDS!! With the exception of Upstate SC, ALL of our markets had a significant increase in building permits from Q1-2009 to Q2-2009. While an increase from Q1 to Q2 each year is not uncommon because of the spring building season, the Q2 totals this year are the first upward trend in many markets since 2006! Case in point: Lexington & Louisville. Granted, when comparing the first 6 months of 2008 to the first 6 months of 2009, the trend numbers are very disappointing. But, the 3rd and 4th quarters of 2008 and the 1st quarter of 2009 were terrible in most markets. The Q2 totals are at least a sign of hope.
