Spain: Housing permits rebound in September
The Spanish Board of Architects approved 8,299 new construction permits in September, according to data published by the Ministry of Public Works. The figure was above both the 7,255 permits granted in September 2018 and the 5,114 permits granted in August. On an annual basis, permits expanded 14.4% in September, rebounding from August’s 14.1% plunge, putting an end to a streak of four consecutive months of decline.
The moving three-month sum of permits totaled 25,380 in September, unchanged from the same period last year and up from the 4.4% contraction recorded in August. The current number of permits represents a mere fraction of the 268,266 permits that were granted during the July–September 2006 peak.