Building Permits Charts

We use the Raw reported data rather than “imputed” data as we are suspicious of adjustment methods in these widely swinging economic times. Check the Census site for the original data, although not as nicely presented.

Jefferson County Building Permits

Through November 2016: Data Source: US Census Department, Chart, All rights reserved, TBrander

And here is Shelby county:

Shelby County Building Permits

Data Source: US Census Department, Chart, All rights reserved, TBrander

Huntsville City Residential Building Permits:

Huntsville City Building Permits

Data Source: US Census Department, Chart, All rights reserved, TBrander

Advertisements

7 thoughts on “Building Permits Charts

  1. Capo3playd

    I think the Huntsville graph is plausible, because permits were driven up in 2007 in anticipation of base relocation and closing (BRAC). However, this past year houses haven’t been selling (imagine that). People can’t relocate to the area since they can’t sell their existing houses. Also, tougher financing affects both builders and buyers.

    Reply
    1. tbrander Post author

      Well, I only posted the number of permits, and I agree that those numbers look plausible and they are the numbers as reported to the Census Department but when I used the dollar value of the permits, the value per house was consistently way low, in the neighborhood of $45,000 per house, even in Jefferson County (Birmingham) the permit values are more like $150,000 and up.

      Reply
  2. David

    Home construction has been overleveraged and artificially overpriced since, IMO, about 1998 if not earlier. I had been considering tearing down the old house on my property and recreating it on a grander scale, but years of waiting for an architect in combination with the lousy markets tells me it’s time to pay out of pocket to fix what’s there. So that’s what I’m doing.

    Housing, in general, needs to slide another 30 to 50 percent. Been way outta line for way too long.

    Reply
    1. tbrander Post author

      David, I think that the comments are a bit extreme, don’t know where you are but in the Alabama markets the cost to build has actually been quite competitive. I sure don’t know how much down we have to go but I’m pretty sure at least in the Alabama markets it is not as extreme as you suggest. As to tearing down and rebuilding that is normally a pretty difficult deal to make pay, in most markets, and I’d agree almost an impossible one today. So remodel and fix up makes good sense!!

      Reply
  3. Allstate Commercial

    David, I think that the comments are a bit extreme, don’t know where you are but in the Alabama markets the cost to build has actually been quite competitive. I sure don’t know how much down we have to go but I’m pretty sure at least in the Alabama markets it is not as extreme as you suggest. As to tearing down and rebuilding that is normally a pretty difficult deal to make pay, in most markets, and I’d agree almost an impossible one today. So remodel and fix up makes good sense!!
    +1

    Reply
  4. Pingback: Tax Credit Expiration Hits Huntsville/North Alabama Residential Sales Hard « Market Trends: Alabama Real Estate

  5. Pingback: Birmingham July Real Estate Area Sales Way Off With Tax Credit Expiration « Market Trends: Alabama Real Estate

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s