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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (28303)	3/17/2005 7:40:36 PM
From: Elroy Jetson	Respond to of 306849

You see the real madness in the second of your two charts - housing permits. idorfman.com Civil engineering firms are typically responsible for obtaining building permits, on behalf of their home builder clients. This is where the bottleneck is located. I know a few home builders who have employees, wearing shirts with bearing their company logo, simply sitting in the offices of engineering firms day after day in an effort to embarrass / motivate / intimidate the civil engineers into obtaining the permits in the most expeditious way possible. I am receiving an increasing number of calls from recruiters and friends at builders offering me increasingly fanciful compensation to work for a particular builder as a full-time employee. It seems that anyone who has any experience in the building / development business is already working for one. This always happens at the very end of a home building cycle. .