housing permit infromation

By
Real Estate Broker Owner with Howard Sumner Real Estate RRE-BRO-LIC-2190

the new constuction reamins enemic and probably will  stay that waythrough 2011. hard to see real improvement until the froclosure mess has reached its zenith and the properties are thta are being forclosed on now are sold and don't rpesent a drag on pricing.

  permits issued          
  one unit structure     includes multi family
permits issued   405     539    
               
peak year   1798     2393    
issued drop from peak   77%     77%  
five year average 842     1160    
issued drop from  five year 52%     54%  
50 year average 923     1406    
issued drop from 50 year   56%     62%  
               
  housing started          
  one unit structure     includes multi family
starts issued   452     610    
               
peak year   1823     2494    
starts drop from peak   75%     76%  
five year average 887     1132    
starts drop from  five year   49%     46%  
50 year average 1071     1502    
starts drop from 50 year   58%     59%  

 

 

 

 

 

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Topic:
ActiveRain Community
Location:
Montana Yellowstone County Billings
Groups:
Local Expert
Mortgages
Posts to Localism
Realtors®
Tags:
howard sumner
real estate
realtor
home sales
montana
new contruction

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Rainmaker
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Randy Landis
Retirement Consultant
Jimmy Langley Realty

Charts always portray an accurate (scary) hindsight picture. Just wish it was easier to forcast going forward.

October 21, 2010 09:12 AM
Anonymous
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Rainmaker
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Howard Sumner

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Additional Information

The Most Current Information on the Real Estate Market in Billings Montana From a Top Performing Realtor, in Billings Montana, Yellowstone County