“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home New home contruction Natioanlly end of the...

New home contruction Natioanlly end of the year 2011

When reviewing the information about new construction whether permits, starts, or sales, if as many talking heads profess, that housing is “recovering” why are all categories 52 to 59% off the fifty year averages and down 72 to 76% from the peaks. And construction employment has dropped from 8,045,000 million people employed to 5,436,000 million people employed. The question i have to ask myself, if you go from no pulse in intensive care to a pulse are “recovering” or just not dead.

actual total for year

permit issued

start of construction

multi

single

multi

single

single sales

2010:

Year to Date

604.6

447.3

586.9

471.2

323

2011:

Year to Date

611.9

413.7

606.9

428.6

302

year over year + or -

1.21%

-7.51%

3.41%

-9.04%

-6.50%

seasonally adjusted

permits issued

permits issued total

one unit structure

includes multi family

permits issued

413.7

611.9

peak year

1682

2219

permits % drop from peak

75%

72%

50 year average

911

1383

permits % drop from 50 year

55%

56%

movement up from Bottom

353

17%

522

17%

housing started

starts total

one unit structure

includes multi family

starts

428.6

606.9

peak year

1611

2357

starts % drop from peak

73%

74%

50 year average

1056

1481

starts % drop from 50 year

59%

59%

movement up from Bottom

360

19%

520

17%

housing sales

one unit structure

new single family sales

302

peak year July 2005

1283

sales % drop from peak

76%

48 year average from 1963

628

sales % drop from 48 year average

52%

Bottom August 2010

movement up from Bottom

278

9%
Posted Monday Jan 30