Single family housing permits, the most leading of indicators, declined 1.6% from December to 720K single family units (SAAR), but rose 9.6% above the level seen a year earlier and still remained well below levels seen at the peak in September 2005.
Single family housing starts declined a notable 3.9% from December to 731K units (SAAR) but rose 3.5% above the level seen a year earlier but still remained well below the levels seen at the peak in September 2005.
