Report on building permit activity as a measure of the residential real estate market in Hinsdale IL

For the first quarter of 2008, new home building activity is down approximately 25% in Hinsdale IL. The Village Of Hinsdale Building Department reports that they have issued 12 permits for new home construction in the village. Over the same period last year, there were 16 building permits issued.

On the other hand, there has been a 40% increase in the first quarter for permits for residential additions and renovations. 17 permits of this type were issues by the Village of Hinsdale this year. 12 were issued over the same period in Hinsdale last year.

Demolitions were about even. Hinsdale issued 15 demolition permits so far this year whereas 16 were issued last year.

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