Monday, January 22, 2007

"It's Never Happened Before...."

From the Redding Record Searchlight:

Palomar Builders' withdrawal plunges Redding to permit low

It's never happened before -- at least in this magnitude, says Redding permit supervisor Wayne Gungl.

Palomar Builders Inc. received a refund on about 30 single-family home permits it took out last January. The builder, a subsidiary of Premier Homes in Roseville, asked for the refund before the 12-month clock on the permits had timed out.
...
Palomar got its money back because it has decided not build the homes at this time, Gungl said. It's another sign of a slow housing market. The 30 homes made up nearly half of the 66 permits Palomar pulled in January 2006.
...
2006 was already a lean year for single-family home permits in Redding. The city issued 287 -- make that 257. That's the lowest total since the city started keeping electronic records in 1990.

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