Florida on the Rebound?

The Daytona Beach NewsJournal reports from Florida Volusia County recorded its best quarter for new residential building permits in four years, notching 239 permits in Q3 2012, an increase of 104 percent over the same period in 2011. The pace is 35.8 percent over the second quarter of 2012. Rob Ehrhardt, Volusia County’s economic development manager, says not only are building permits up, but the average value of the permits has risen 11.7 percent over the third quarter of 2011, from $257,580 to $287,946. In neighboring Flagler County to the north, MHProNews has learned the Flagler Home Builders Association reports building permits increased 48.6 in the quarter just ending compared to the third quarter of 2011. At one time, Florida experienced one of the highest foreclosure rates in the country.

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