Housing Economics - 12/18/2007 (Plain Text Version)

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In this issue:
Housing Starts and Permits Down to 14-Year Lows
Vehicle CO2 emissions and Residential Development
Quick Read: Housing Statistics
Download Building Permits & Employment Data by Metro Areas
Don't Know Your Local Housing Forecast?

Housing Starts and Permits Down to 14-Year Lows

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.

Housing Starts and Building Permits for November 2007
	DATE	CURRENT		LAST	% Change	Download Starts and Permits
Starts	12/18/2007	1.187M		1.232M	- 3.7%
Permits	12/18/2007	1.152M		1.170M	- 1.5%

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"

Read additional information and download data (Excel) for Housing Starts & Permits.

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