Other people get letters, we get numbers. First, there are the permits.
The Construction Industry Research Board reports that builders in Orange County pulled permits for 3,614 single-family homes in the first 10 months this year. While a far cry from the 10-month total of 9,695 units in 1988, it still is an improvement from last year, when 3,159 single-family permits had been issued through October.
The Burbank-based research board said builders also obtained permits for 1,688 apartment units in the first 10 months of this year, down from 2,188 last year. That is a total of 5,302 residential units, down slightly from 5,347 in the first 10 months of 1992--which until now was the county's worst year for home building in a decade.
Then there are the foreclosures, which can't happen until the homes are built: And that news is really ugly.
TRW-Redi Property Data Services said Wednesday that the total number of real estate foreclosures in Orange County this year will jump 68% to 5,242 from last year's 3,109.