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South Florida

New home permits drop

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The number of permits filed for new home construction in Miami-Dade and Indian River counties dropped to 884 in the third quarter from 1,454 in the second quarter of this year. According to Metrostudy, a real estate research and consulting firm, that means the area is seeing the slowest pace of building in over 10 years. The number of move-ins also declined from 2,404 to 1,856.