Wednesday, January 21, 2015

New Residential Construction Report: December 2014

Today’s New Residential Construction Report showed mixed results with total permit activity declining 1.9% since November while total starts increased 4.4% over the same period.

Single family housing permits, the most leading of indicators, increased 4.5% from November to 667K single family units (SAAR), and rose 8.1% below the level seen in December 2013 and still remained well below levels seen at the peak in September 2005.