According to the NAR, building permits have trended up during the past several months, suggesting that “U.S. residential construction will likely strengthen in 2015.”
During the recovery period (2012-2014), three out of four metro areas had positive annual growth. The metro area of Grand Rapids-Wyoming in Michigan took the lead with annual growth of 48 percent. An interactive map shows the annual growth rate of building permits by metro area in 2007-2011.
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