Housing Starts and Permits Down to 14-Year Lows
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Housing Starts and Building Permits for November 2007 |
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DATE |
CURRENT |
LAST |
% Change |
Download Starts and Permits |
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Starts |
12/18/2007 |
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1.232M |
- 3.7% |
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Permits |
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|
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1.170M |
- 1.5% |
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Housing starts fell 3.7 percent in November to a 14-year low of 1.187 million units while permits contracted by 1.5 percent to a 1.152 million pace. In both cases, declines were registered in the single-family sector while multifamily activity increased. Three out of the 4 Census regions recorded declines in total housing starts, led by a 16 percent decline in the Northeast, followed by a 7 percent decline in the South and a 2 percent decline in the Midwest. Starts rose 0.3 percent in the South.
NAHB related press release: "Builder Confidence Remains Unchanged for Third Consecutive Month"
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