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Surprise! Solano The Only County In The State With Positive Building News
September 29th, 2008 categories: Market Update, Solano
With the entire nation mired in this period of
economic uncertainty, one industry that’s taken an incredibly hard hit, as you might imagine, is the home building industry. And in a report just released by the California Building Industry Association, the builder’s trade group announced that all but one county in the golden state saw declines in new building activity.
That one lone exception? Solano County. Statewide in August, building permit activity was down 58 percent to August, 2007. Yet, in Solano, there were actually 3.3% more permits issued this year than a year ago. By comparison, Yuba-Sutter Counties saw a 93 percent drop in new construction during the same period.
That doesn’t necessarily mean that here in Solano we’re exempt from the impacts of all that’s ailing the U.S.’s financial and real estate markets. But amid all the bad news and doom and gloom, it’s nice to see something positive for a change.
