Mecklenburg County building permits skidded to new lows last month, led by a near halt in condo permits.
Builders took out 370 permits to build new homes, townhouses and condos, down 46 percent from July of 2007, according to Mecklenburg County records. That was the fewest permits for a July since at least 1998 and the second time this year that permits fell below 400, a level not seen for more than 10 years.
Condo permits were off 96 percent, with just 4 new ones issued compared with 99 a year earlier. These permits tend to be more volatile and had several upward spikes earlier this year.
Charlotte's new residential construction peaked in 2006 and has been in sharp decline for more than a year as the economy has weakened and credit tightened.