Posted on June 16, 2009
Building permits remain very low
The latest report on the city’s volume of building permits contradicts recent media claims about a rebound in the local economy. Total value of the permits to the end of May is down by 60 percent to $301 million from $807 million a year ago.
Somewhat more encouraging is a new report from Development Services on applications and inquiries received by the city. Applications are down, but inquiries are up slightly to 3,640 to the end of May this year from 3,418 a year ago. Still more talk than action.