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| Source: |
Building Permits, Hillsborough County - City - County Planning Commission |
| Source Update: |
Planning Commission, February, 2008 |
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Description: The Hillsborough County - City - County
Planning Commission publishes the quarterly Partners in Planning documenting the residential
and commercial permit activity reported by the various permitting agencies in Hillsborough.
Residential activity is normally reported as number of permits issued by housing type. Commercial activity is normally reported as value of permits issued instead
of number issued.
Issued permits reflect only an intent to build a house, single
family or multifamily. Many, if not most, are eventually built. Housing starts data are actual houses being
constructed. The advantage of permit data over start data is a forward look into housing markets. Permit
data are a leading economic indicator. If consumers and/or builders are confident in the future path of
real estate and the economy, permits will be strong, if not, newly issued permits will likely fall. Expectations
of future increases in interest rates will likely dampen new permit activity as builders reduce the construction
of new, yet to be sold, housing.
Commercial permits tend to be limited in number, thus, making the total value of permits a better indicator of activity.
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| Homeownership Rates |
| Source: Housing Vacancies and Homeownership, United States Census Bureau |
| Source Update: May, 2007 |
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| Description: From the Census web site: "The Housing Vacancy Survey provides current information
on the rental and homeowner vacancy rates, and characteristics of units available for occupancy. Rental and homeowner vacancy
rates and homeownership rates are available for the U.S., regions, states, and for the 61 largest Metropolitan Areas. The state
and Metropolitan Area data are available annually, while national and regional data are available quarterly." |
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| Median Housing Prices |
| Source: National
Association of REALTORS |
| Source Update: May, 2007 |
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| Description: The National Association of Realtors compiles quarterly data on median home prices
in metropolitan markets. Comparisons can be made among metro areas, regions and the United States median price. |
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| Commercial Real Estate Markets |
| Source: Maddux
Business Report |
| Source Update: February, 2008 |
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| Description: Most commercial real estate market data are compiled by private real estate brokers
or researchers. Maddux Report publishes data on various markets for the Tampa metropolitan region. |
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