Friday, October 17, 2014

New Residential Construction Report: September 2014

Today’s New Residential Construction Report showed mixed results with total permit activity and total start activity improving while single family permit activity declined since August.

Single family housing permits, the most leading of indicators, declined 0.5% from August to 624K single family units (SAAR), but increased 1.1% above the level seen in September 2013 and still remained well below levels seen at the peak in September 2005.