If AI could shorten the permit timeline, that alone would AI worth. You know, do everything else. >> If everyone wants to join me on my crusade to work with the utilities and the cities to reduce the weight on all of those services, there are so many projects where I have the project either ready to go and we're waiting for 6 months or 8 months or even a year just on permits.The only exception actually was rebuilding my fiance's family home and the palisades that burned. My permit was approved in less than ...

Housing Market Analysis - New home sales experienced a month-over-month increase of over 20% due to decreasing mortgage rates and strong demand [1] - Housing data tends to improve when mortgage rates drop below 664 basis points (664 bps) and go down to 600 bps (6%) [2] - Purchase application data has shown the best performance in eight weeks [2] - New home sales have remained within a range for approximately seven to eight years [4] Mortgage Rate Impact - The housing market's movement tends to end when rates reverse and rise above 700 bps (7%) [3] - The key factor is whether mortgage rates can remain near 600 bps (6%) long enough to potentially stimulate growth in housing permits and starts [3] - The Federal Reserve (The Fed) might be concerned about a housing market recovery, as it could lead to increased transactions and consumption, complicating economic balancing [4][5] - Duration is key; repeated fluctuations in rates will discourage builders from issuing new permits [6] Builder Perspective - Smaller builders face greater risks compared to larger, publicly traded builders, even though the gross margins of the latter have decreased [7] - Builders are efficient sellers focused on making profits and are actively working to sell their products [8][9][10] - Completed units of sales are at levels that historically prompt builders to reduce construction [9] Labor Market and Permits - Residential construction jobs have been declining for the past four months, and specially contracted jobs for five to six months [7] - The softening of labor data is a factor contributing to the mortgage rates being around 600 bps (6%) [13] - If housing permits can grow again, concerns about the single-family labor market would be alleviated [12]