Here is a chart based on data in County Business Patterns. Usually there is a considerable lag in CBP data, but there is this is special series they are running on building permits that is very up-t0-date, with data by month.
I put this together in August for permits in Warren County, basically aggregating data for each year. As one can tell there's been a drastic drop in permits in 2006 and 2007.
Warren was one on of the fastest growing countys in Ohio, so it's a good place to see the difficulties in the real estate economy play out, more on the new homes side of real estate/home finance.
Saturday, December 22, 2007
The Housing Crash in Warren County
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1 comment:
Housing crash? Why there's a new crack house appearing in East Dayton almost every week!
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