Have you been seeing more new construction in Sacramento lately? I’ve come across new projects in Arden-Arcade, Elk Grove, Anatolia, Pocket/Greenhaven, Kavala Ranch and Sacramento on Bradshaw Road among others. There has been an uptick in building permits over the past quarter, but there is still historically a lower number of permits in 2011 compared to the past two years. What stands out to you below? Do you think permits in 2011 will end up similar to 2010 levels?
Below is a graph to show the greater context of permit history in Sacramento County since 1994. As you can see, the level of permits over these past few years is a drop in the bucket compared to the last 15 years. Permits figures cannot get too much lower than they have been lately, right? What do you see?
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