Many analysts believe the number of new home sales is an indicator of the health of the real estate market. Today I contacted the Village of Plainfield to get some figures on the number of permits requested by new home builders in Plainfield IL.
New permits issued for new construction:
- 2007 = 404 permits
- 2008 = 172 permits
In the last 6 months only 26 new permits were requested through the village. As you can see there has been a drastic reduction in the amount of permits that have been applied for between 2007 and 2008, which shows a decrease of 57.5%.
Subscribe to my site through e-mail subscription and never miss a post. Stay tuned for more Plainfield IL market reports.
Julie Ferenzi | Realtor®
Plainfield IL Homes