Paper Economy - A US Real Estate Bubble Blog

Friday, January 17, 2014

New Residential Construction Report: December 2013

Today’s New Residential Construction Report showed a notable declines to both total permit activity and total start activity with starts dropping 9.8% from November.

Single family housing permits, the most leading of indicators, declined 4.8% from November to 610K single family units (SAAR), and  increased 4.5% above the level seen in December 2012 but still remained well below levels seen at the peak in September 2005.


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1 Comments:

  • 5. the number of unsold ready units at the real estate portal have inclined exponentially. the reason for this increase was the higher prices by the developers which declined sales. so now to boost the sales and increase the demand there have been this decline.

    By Blogger Sanjay Sawant, at 4:46 AM  

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