Doubled Building-Permit Approval Time Stalling Homebuilders

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 six to eight months — up from two to three — in some booming markets like California and Florida.

(More on building-permit approval slowing construction ...)