Wednesday, November 19, 2014

New Residential Construction Report: October 2014

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

Single family housing permits, the most leading of indicators, increased 1.4% from September to 640K single family units (SAAR), and increased 2.4% above the level seen in October 2013 but still remained well below levels seen at the peak in September 2005.