July new building permits drop after record spring
In Lee County, 729 permits were issued in July compared to June’s 1,025. In Cape Coral, 481 permits were issued compared to 711 in June. Fort Myers issued 74 permits compared to 119 in June.
By comparison, July permits were still up in the county by 14 percent over July 2004’s 638 permits. Cape Coral saw a decrease over a year ago when 577 permits were issued, and Fort Myers’ permits declined from 190 in July 2004.
I don’t think that these drops are anything for investors to be overly concerned about. The vacant lot activity level remains high particularly in Lehigh. Most of the offers that we are seeing for Lehigh lots are from buyers with plans to construct a house. Typically, the investor activity heats up in the fall and winter months when the snowbirds invade SW Florida.
Pace slows for home permits [News-Press]