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LandDesign, Inc.: Harrisburg Area Land Use Plan <br />Table 10: Annual Single - Family <br />;losings, Township 1, 2003 -2009 <br />2003 <br />254 <br />182 <br />436 <br />58.3% <br />2004 <br />280 <br />273 <br />553 <br />50.6% <br />2005 <br />421 <br />274 <br />695 <br />60.6% <br />2006 <br />427 <br />309 <br />736 <br />58.0% <br />2007 <br />344 <br />341 <br />685 <br />50.2% <br />2008 <br />199 <br />235 <br />434 <br />45.9% <br />2009(YTD) <br />62 <br />122 <br />184 <br />33.7% <br />Note: 2009 YTD data through September. <br />Source: Land Matters, M.O.R.E. Data <br />5.2.3 Permit/Closing Comparison <br />The issuance of building permits closely followed new single - family closings between 2003 and <br />September 2009. It is estimated that there were 1,927 building permits issued in the Planning <br />Area, with 1,987 closings equating to an overall ratio of 103.1% during the same time period <br />(Table I1). This indicated that Township 1 experienced a sustainable growth rate during that <br />period. Closings since 2007 have strongly outpaced building permits, lowering the supply of <br />available new housing in the Planning Area. <br />Table 11: Ratio New Single-Family <br />Permits to Closin <br />s Townshi 1 <br />2003 -2009 <br />Building Permits <br />243 311 420 430 <br />313 168 <br />42 1,927 <br />Closings <br />254 280 421 427 <br />344 199 <br />62 1,987 <br />Note: 2009 through September. <br />Source: Land Matters, M.O.R.E. Data <br />Graph 9 shows the comparison between new single- family permits and closings. Building <br />permits outpaced closings in 2004 and 2006. If closings continue to outpace building permits, <br />Township 1's estimated 50 new unsold residential units should be quickly absorbed. <br />March 2010 APPENDIX D: HALUP MARKET ANALYSIS 19 <br />AUGUST 2010 <br />Attachment number 2 <br />G -1 Page 428 <br />