We got some new building permits data from the Home Builders Association of St. Louis. First, a little good news: Permits in February hit their highest mark since October.
But, bad news, too. The number of permits so far this year — 377— is down 60 percent from the first two months of 2008, and barely a quarter of the tally for those hopping days of 2004 and 2005 cash advance.
If this is the bottom, we’re pretty low.
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