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Originally Posted by RobD
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I find the Building Permit Report interesting but not of any real value when tracking trends, particularly in Commercial Construction, as one or two major commercial jobs tend to skew things. The linked report is a perfect example of that.
Based on BP values, March Commercial is up about $24M from $11M to $35M (321% of last year), but YTD Commercial is up $123M from $26M to $149M (580% of last year).
Does this mean that the commercial market is 3-5 times busier than last year? it's not, but someone who doesn't grasp where those #s come from, could easily draw that conclusion. Similarly, the residential market is not really only half as busy as it was last year.
Fun for data nerds but not a lot of news in those stats.