Florida Local Home Construction Plummeting - Who is Still Around?

The following charts represent yearly summaries and averages of permit values including the number of permits issued beginning with the Year 2000 as well as the number of building permits issued to individual builders for the past four years.

You can readily see the drastic drop in activity beginning in 2006.

It is sad to note that even some of the big players that were building hundreds of homes in Hernando County during the 2005 boom are practically out of business in this declining market.

Hundreds of millions of dollars are suddenly lost to local builders, businesses, merchants and workers who in the past relied on the construction industry for sales, services and jobs. Newly constructed as well as just partially finished subdivisions are sitting empty while the developers are trying to find a way to pay the bills and survive without sales.

Everyone is feeling the pinch, including large stores, auto dealers and all involved in or even remotely connected to the home building industry such as pool builders, carpenters, plumbers, roofers and electricians to name just a few. Both skilled tradesmen and hired help have lost their positions and jobs and are hard pressed to make ends meet. A large number of families can no longer afford to maintain their homes. Foreclosures are at an all-time high.

This downward trend in building activity is not unique to Hernando County Florida, but represents at least a statewide if not nationwide problem for the building and construction industry and the people who depended on it for their livelihood..

So who is to blame? How did it all start? When will it end?
 

--- Hernando County Florida Single Family Residential Building Permits ---

Period

 
--- Hernando County Single Family Residential Building Permits ---
--- Recap of Number of Permits per Builder ---