Single family and duplex building permits sharply decline in Janesville

by BETH WHEELOCK ( Contact ) Monday, July 7, 2008

The number of new single family and duplex building permits in Janesville is substantially down for 2008.

Community Development Director Brad Cantrell says Janesville will still see growth because it's in a growth corridor between Madison and Rockford. As of May 31, the year-to-date number of permits was 60 compared to 111 during the same period last year.

Cantrell says the numbers were closer to last year in June.

janesvillean
Jul 8, 2008 at 3:22 p.m.
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Given the national housing market this isn't much of a surprise. Janesville never saw a housing bubble, but nationally there are probably hundreds of thousands of brand new or almost new homes sitting empty because of foreclosures or the same competition for buyers. It will probably remain slow for a year or two regardless of the economy, simply because of the excess capacity.

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