How Municipalities Can Curtail the Wait for Permits
There is an interesting conundrum affecting several major housing markets across the country. Inventory is low. Demand is high. Prices are expensive. And getting building permits to add new inventory to the housing stock has lately been a sluggish process.
The median delay in 2015 for securing a permit for single-family homes was seven months, a stark contrast from the four-month median delay in 2011, according to the National Association of Home Builders. For markets like California where demand for homes is very high, the delay for permits today can take upwards of eight months.
One reason behind the delay: Municipalities that were hit hard by the recession slashed the number of staffers as a result.