Increase in construction licenses in the 2nd quarter 2012

Increase in construction licenses in the 2nd quarter 2012

According to the GYODER (The Association of Real Estate Investment companies) latest report the number of construction licenses and authorization certificates for use received during the second half of the year doubled as compared to the prior quarter and 37 percent as compared to the same quarter of the preceding year.

Such increase is a positive development for new house starts. The number of building use permits also increased by 19 percent as compared to the first quarter of the year.

It is observed that the supply continues for the finished houses.

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