Today’s New Residential Construction Report while including only limited data as a result of the recent government shutdown, showed notable improvement in permit activity in October increasing 6.2% from September.Single family housing permits, the most leading of indicators, increased 0.8% from September to 620K single family units (SAAR), and increased 8.8% above the level seen in October 2012 but still remained well below levels seen at the peak in September 2005.
