ATTOM’s Building Permits Data for Los Angeles, California
Supply Chain Woes in Los Angeles, California
The whole country is experiencing similar problems. Construction delays are common, and many builders are holding back on the number of new homes they put up for sale. The high cost of building a new home is yet another factor pushing up prices for buyers and investors.
These conditions are not likely to end soon, and applications for building permits are likely to slow in the face of rising costs and uncertain completion dates. While the Federal Reserve expects the surge in inflation to be temporary, homes, apartments, and commercial buildings will be more expensive. Many builders are slowing down the pace of new homes entering the market so that they can be sure to meet project completion dates.
Construction and renovations have a direct effect on house prices. ATTOM’s building permits data show the true value of a property that has been updated versus one that has languished in a market facing supply issues and inflation.
Let ATTOM’s Building Permits Data Tell the Whole Story
ATTOM’s building permits data tell the life story of a residential or commercial property. Find out what work has been done and what needs to be done to a property based on historical and active permits.
Insurance companies, real estate professionals, marketers, and investors get the deeper story for better valuations, risk assessments, and business decisions.
Be better informed with ATTOM’s building permits data.