House Construction Permits – Fail Expectations
November 10th, 2010
Moves for housing starts and construction permits continue to be down as the housing market enters a seemingly surreal state of non-movement. Excess supplies of homes with no buyers and almost no applications for the construction of new ones compared to other years. This solidifies the belief that most if not all people who are thinking of purchasing or buying new houses have moved to halt all plans in hopes of waiting for the smell of stability in the air. The expulsion of the HUD’s director signifies the dire need for more regulation, monitoring and control of most agencies that handle financial resources. Corruption has become commonplace that many do it yet never admit to it. Permits issuance in the Northeast and South were indeed positive while in the Midwest it was down a miserable 10.65 with the West faring worst at a decline of almost 20%.



