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Building Permits Hit Highest Level Since September 2008

04/20/2012

Building permits, a gauge of future construction, rose 4.5 percent to a seasonally adjusted annual rate of 747,000. That’s the highest level since September 2008, according to the Commerce Department.

The data further validates that there is a housing recovery in progress.

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The Cape Coral - Fort Myers Metro area led the country in year over year price increases registering a 14.8% increase according to Trulia and Core Logic. Florida placed six metro areas in the top ten.

 The top three areas are:

Cape Coral-Fort Myers, Fla.: 14.8%
Miami: 14.1%
Phoenix: 13.2%

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Click to contact Michael Rogala, Broker Associate or 

call 239-738-8088 today to learn more about Cape Coral, Fort Myers or Southwest Florida Real Estate!

Serving Cape Coral and Fort Myers - Lee County, Southwest Florida.