Further decline in new housing approvals in March

The number of building permits issued continues to fall. Taken in a “chisel effect” between the drop in issuances by mayors worried about opposition from local residents, and the real estate credit crisis, developers and builders have seen their projects reduced for months, indeed alert the Federation of real estate developers (FPI) and the Pôle Habitat de la FFB. Official figures at the end of March confirm this difficult situation. And, for the same reasons, housing starts are also falling.