Number of approved building permits decreases for all types of building construction
Total number of building construction nationwide reached 20,737 during the fourth quarter of 2007. This number is lower by 14.8 percent compared with 24,330 building permit applications recorded during the same quarter of the previous year.
Residential building construction with a total of 14,441 approved building permits went down by 10.3 percent from 16,096 recorded during the same quarter of 2006. Likewise, combined approved building permits for additions, alterations and repairs decreased slightly by 0.3 percent to 3,842 from 3,854.
Non-residential building construction registered a significant drop of 44.0 percent. This type of building construction had a total of 2,454 approved building permits compared with 4,380 reported during the same quarter of the previous year. Figure 1 compares the number of approved building permits by type of building for the fourth quarters of 2007 and 2006.