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April 26, 2008

Permit to build

Homebuilders have responded to the slump by pulling back on new inventory, as you all probably know quite well already. But they haven't done so in equal measure across the state and region.

So you can see that at a glance, I spent the morning making the Maryland Department of Planning's building-permit statistics more visual.

Here's the trend for residential permits statewide, first quarter 2000 through first quarter 2008:

 

PermitsStateSmall.jpg

 

Read on for the local experience ...

PermitsMetroAreaSmall.jpg

 

PermitsAASmall.jpg

 

PermitsBaltCitySmall.jpg

 

PermitsBaltCoSmall.jpg

 

PermitsCarrSmall.jpg

 

PermitsHarfSmall.jpg

 

PermitsHoCoSmall.jpg

 

I'm figuring that the reason many jurisdictions saw a downward trend during the early boom years has more to do with zoning restrictions and crowded schools than demand. In any case, it's interesting to see how Baltimore City's permits peaked in '07, well into the slump. And how Baltimore County's permits in the first quarter of this year actually top -- by quite a bit -- the permits in the first quarter of 2005. And how Carroll's permits have dwindled away to a shadow of their former self.

OK, I've wonked away enough of my Saturday. If you care to pick up where I've left off, click HERE to see the state data.

Posted by Jamie Smith Hopkins at 12:59 PM | | Comments (0)
Categories: Number-crunching
        

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
Baltimore Sun articles by Jamie
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