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Building permit delays creating new obstacle for homebuilders as market heats up

from Construction Dive

Developers are reporting that permit processing turnaround time has almost doubled from four months in 2011 to seven months in 2015, according to the National Association of Home Builders and The Wall Street Journal. American Institute of Architects officials have reported the wait can take as long as 6 to 8 months — up from two to three — in some booming markets like California and Florida. more

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