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          Home Home Building New Construction

          New Home Building Permits Issued in Clallam County

          Chuck Marunde by Chuck Marunde
          October 7, 2008
          Reading Time: 2 mins read
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          How many new homes are being built so far in 2008? Has the slowing real estate market and the troubled economy hurt the building industry? No doubt it has, but the picture is brighter than I might have thought just by reading headlines and listening to the talking heads.

          I’ve tracked building permits issued by Clallam County from 2005 through September of 2008, and here are the results:

          I’ve included data for single family stick-built homes, manufactured homes, and duplexes.   We see again proof that 2005 was a banner year in real estate with 359 permits issued for homes.   Since then we have a steady decline, and for the first nine months of this year, we have 160 building permits.   Annualizing this number would give us a rough equivalent to the number issued last year, but I suspect that the remainder of this year will see fewer permits with the year ending at about 190 building permits.

          This is good news.   You would have thought no one was planning to build a home, but in fact many are, an average of about 17 each month.   That’s not a big number, but in little Clallam County, that’s a positive number in the worst real estate market in decades.

          I’ve included data for manufactured homes to show they are still a factor for many retired couples moving here.   I also included duplexes only to show that we have virtually no duplex market here at all.   That may answer a few questions for investors who email me asking about duplexes.

          [Source of Data:   Olympic Listing Service]

          Last Updated on October 7, 2008 by Chuck Marunde

          Tags: building permitsnew homes
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          Chuck Marunde

          Chuck Marunde

          Chuck grew up in remote Alaska, graduated from the University of Alaska with a degree in Economics and Teacher Certification, and after teaching high school for two years, went to law school at Gonzaga University in Spokane, Washington. He served four years as a Captain and JAG in the USAF at Nellis AFB in Las Vegas. After practicing real estate law for 20 years in Washington, Chuck founded iRealty Virtual Brokers covering Sequim and the beautiful Olympic Peninsula. He is the author of 2,200 real estate articles and a dozen real estate books, and he produced over 100 real estate videos. Chuck combined his love for real estate and technology to create a massive Internet presence, and his articles and videos and books have been viewed by millions. Chuck is a well recognized real estate expert and his counsel is sought by other brokers and practicing attorneys around the country. Buyers from New York to Hawaii and from Florida to Alaska seek him out to retain him as their buyer's agent, and home owners around the State of Washington seek him out because of his new Flat Fee Listing Service. 

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