Wednesday, February 18, 2015

New Residential Construction Report: January 2015

Today’s New Residential Construction Report showed worsening results with total and single family permit activity declining since December while total starts also declined 2.0% over the same period.

Single family housing permits, the most leading of indicators, declined 3.1% from December to 654K single family units (SAAR), and rose 5.8% above the level seen in January 2014 but still remained well below levels seen at the peak in September 2005.