Local New Construction, National Existing House Prices: Both Low

Local NewsC-ville is reporting today on the dire stats of the new housing construction market:Albemarle County released numbers for the first part of 2008. 266 building permits for new residential housing units were issued in the first six months of 2008. This puts 2008 on target to meet the lowest number, yearly, since 1990, when anybody started keeping tabs. The record lowest number was