UNRAVELING THE NUMBERS: IS A SLOWDOWN IN NEW BUILDING PERMITS BAD NEWS FOR HOME BUYERS?

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Uh-oh. Fewer new homes were authorized in September than August, the Commerce Department reported on Tuesday morning. The 5% dip in building permits means fewer housing units to ease the crunch in many cities and towns across the country, where prices rose at astounding rates over the spring and summer. And last month? It was a bit on the slow side, too.

Still, the 1,103,000 permits issued were 4.7% more than a year ago, when 1,053,000 permits were authorized. Should those eager for a more fluid housing market hope or mope?

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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