Construction season starts Saturday; permit requests down from last year
And they’re off.
The construction season officially starts May 1 in what appears to be a normal year for the number of pending permits, said Lyn Barnet, the chief of projects review at the Tahoe Regional Planning Agency .
As of March 31, there have been 261 project applications that have been filed and remain pending. The figure is down 12 percent from the 298 filed at this time last year, but Barnet believes the number will pick up given the ebb and flow of the season.
“Last year, we thought we’d have a record,” he said.
But the steady climb dropped off last July as people evaluated the economy. At that time, the stock market picked up. The trend usually prompts a falloff of applications on new construction, home remodels and additions.
In 2003, 1,368 applications were filed – 102 less than the year before.
“We tend to get more applications in an economic downturn,” Barnet said. “It’s like people are hedging their bets.”
He explained how people will file applications with the 50-50 chance of meeting the conditions and following through with the construction. Much of that he attributes to some investors shifting their money elsewhere.
– Susan Wood can be reached at (530) 541-3880 or via e-mail at firstname.lastname@example.org