While building companies and Realtors are hopeful that 2011 will see the economy recover and property values increase, they are expecting the Great Recession’s hangover to linger a little longer. Even though building permits for single-family detached homes in Lodi are starting be issued for the first time in more than a year, experts aren’t expecting the area’s construction industry to boom. However, any growth is cause for optimism for Realtors and developers.
“On the construction side, we’re seeing daylight for the first time in two years,” said John Anderson, a financial executive for Stockton-based Diede Construction. “It’s starting to happen because the city and county governments are asking what they can do to attract development.”
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