Wednesday, March 04, 2009

Ho Co Building Permits Reach New Low

According to the Howard / Arundel Report, the number of residential building permits issued in Howard County last year “was the lowest since the county started keeping records in ’79.”

It wasn’t much better on the commercial side either. Only 1.4 million square feet of commercial space received permits last year, down from 2.2 million in the previous year.

I think it would be appropriate here to put in a plug for the Howard / Arundel Report. This subscription only newsletter is published by my buddy, Jim Troy. We have been subscribers for years and have found it to be a valuable source of local real estate market information. .

2 comments:

Freemarket said...

This is excellent news. Things are getting back to a sustainable equilibrium.

Anonymous said...

Exactly, FM.

The building/real estate market was wildly upward for far too long to be healthy - not a surprise that the current situation is occurring, and this is a healthy correction provided everyone leaves it alone.