Single family housing permits, the most leading of indicators, declined 1.2% from October to 639K single family units (SAAR), and declined 0.9% below the level seen in November 2013 and still remained well below levels seen at the peak in September 2005.
Tuesday, December 16, 2014
New Residential Construction Report: November 2014
Today’s New Residential Construction Report showed notable declines to both permits and starts with total permit activity declining a notable 5.2% since October while total starts declined 1.6% over the same period.
Single family housing permits, the most leading of indicators, declined 1.2% from October to 639K single family units (SAAR), and declined 0.9% below the level seen in November 2013 and still remained well below levels seen at the peak in September 2005.
Single family housing permits, the most leading of indicators, declined 1.2% from October to 639K single family units (SAAR), and declined 0.9% below the level seen in November 2013 and still remained well below levels seen at the peak in September 2005.