Friday, January 17, 2014

New Residential Construction Report: December 2013

Today’s New Residential Construction Report showed a notable declines to both total permit activity and total start activity with starts dropping 9.8% from November.

Single family housing permits, the most leading of indicators, declined 4.8% from November to 610K single family units (SAAR), and  increased 4.5% above the level seen in December 2012 but still remained well below levels seen at the peak in September 2005.