#building-permits

#building-permits

High mortgage rates are persisting; builders adapt while weather disruptions affect housing activity.

California's home construction slowdown could lead to further spikes in housing prices due to limited supply.

Developers in California face challenges from rising costs, strict regulations, and high borrowing expenses.

The single-family home construction industry is experiencing a potential slowdown, indicated by a decrease in building permits and starts.

Housing completions rose significantly in July, marking a stark contrast with a decline in housing starts, highlighting a mixed housing market.

Single-family building permits have been decreasing due to rising mortgage rates and financial constraints on smaller homebuilders.

There was a slight increase in 5-unit building permits, but overall housing permits and starts are not at healthy levels.

Housing starts in June were above May estimates, but still below June 2023 rates, with single-family housing starts also experiencing a decrease.

The Canadian dollar's stability reflects mixed domestic performance and global trade uncertainty.

Building permits rose significantly, but non-residential sectors showed contraction, indicating economic vulnerabilities.

New US home construction rose by less than expected in April, impacted by rising mortgage rates. Permits declined, pointing to future constriction in housing activity.

Governor Newsom aims to expedite rebuilding homes lost in fires by streamlining regulations and permitting processes in Los Angeles.

Los Angeles faces a severe housing crisis, permitting only 22 housing units per 1,000 residents over a decade, significantly below state and national averages.

Los Angeles may allow architects to self-certify small-scale construction plans, potentially speeding up the permitting process and alleviating inspectors' workloads.