Housing Economics - 10/17/2008 (Plain Text Version)

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In this issue:
Housing Starts and Permits Continue to Fall
Fall 2008 Construction Forecast Conference and Webcast - October 22nd
Special Study: The Direct Impact of Home Building/Remodeling on the U.S. Economy
Housing Market Statistics At-A-Glance

Housing Starts and Permits Continue to Fall

Total housing starts fell to a 25-year low in September 2008, falling 6.3 percent from the previous month to an annual rate of 872,000. Compared to one year earlier, starts were down by 31.1 percent. Building permits dropped 8.3 percent in September to 786,000. Construction of single-family homes contracted by 12 percent in September to 544,000, the fewest since February 1982. Work on multifamily units increased 7.5 percent to 273,000.

Housing Starts and Building Permits for July 2008
	DATE	CURRENT		LAST	% Change	Download Starts and Permits
Starts	10/17/2008	817Th		872Th	- 6.3%
Permits	10/17/2008	786Th		857Th	- 8.3%

Total housing starts fell to a 25-year low in September 2008, falling 6.3 percent from the previous month to an annual rate of 872,000. Compared to one year earlier, starts were down by 31.1 percent. Building permits dropped 8.3 percent in September to 786,000. Construction of single-family homes contracted by 12 percent in September to 544,000, the fewest since February 1982. Work on multifamily units increased 7.5 percent to 273,000.

Download data for Housing Starts & Permits.

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