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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