It’s interesting that starts went up at the same time as permits went down. Perhaps the builders are starting to worry more so they are rushing to complete a bunch of projects in the hopper before prices come down and limit their profits. After all, I have to assume they already own the land.
This also could all just be a little bit of volatility in the mix, but 15.8% in the west is quite a number! Could just be weather, as mentioned in the article. Or perhaps the housing market, nationally, is not as weak as some propose.
Anyone know where we can get these figures, but specific to San Diego?
