To: Hydroshock
U.S. home construction starts were up 3 percent in October, the biggest monthly gain in eight months, but building permits were down 6.6 percent Does a builder not need a building permit to start construction? If so, how can starts be up if permits are down? Are some builders building without permits?
3 posted on
11/20/2007 6:00:01 AM PST by
varon
(Allegiance to the constitution, always. Allegiance to a political party, never.)
To: varon
STARTS are defined as constuction has started.
PERMITS are future constuction projects that will eventually turn into STARTS.
Although sometimes permits are filed and then never started or delayed indefinetly.
The Lumber Broker
To: varon
Does a builder not need a building permit to start construction? lead and lag, think, it takes months to start a large project and secure financing, etc. That is why houses are still being pumped out even though there is a glut on the market. Rough but you get the idea.
32 posted on
11/20/2007 7:42:47 AM PST by
org.whodat
(What's the difference between a Democrat and a republican????)
To: varon
Are some builders building without permits?Doubtful. They are probably building on older permits.
34 posted on
11/20/2007 7:54:05 AM PST by
NeoCaveman
("Don't doubt me" - The Great El Rushbo)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson