Massachusetts begins to see rebound before rest of Country
From CHAPA: According to U.S. Census Bureau estimates, Massachusetts building permit activity rose in November, compared to November 2008 (with 498 units permitted, up 16% from November 2008). However, year-to-date units permitted (6,147) are still down 30% compared to the same period in 2008 (8,758), with the largest drop in multifamily units (down 52%). However, this drop is less severe than the national average. Nationally, monthly permit activity fell by 7.3% in November compared to a year earlier and year-to-date units permitted have dropped 38.5%, with year to date multifamily units permitted declining by 62%. National figures for December building permit activity will be released on January 20.


