Saturday, August 9, 2008

Dane County housing starts at lowest levels in at least a decade

Dane County housing starts in the month of July remained low, according to a Wisconsin State Journal article (print only) from Friday's edition.

The Dane County numbers

  • 50 permits for homes and duplexes were issued in July compared to 85 permits in July of 2007, down 41%.
  • 430 permits were issued through the first 7 months of the year compared to 716 permits during the same time period last year, down 40%.

The Madison numbers

  • 95 permits were issued year-to-date through the month of July compared to 213 permits during the same time last year, down 55%.

According to the data source, MTD Marketing Services, Dane County housing starts are at their lowest levels in over a decade. This is tough news for the building industry, but a baby step toward driving Dane County inventory lower.

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