Housing Economics - 11/19/2008 (Plain Text Version)

View Graphical Version | Subscribe to NAHB Publications | E-mail Our Editor
NAHB Home Page | Browse Other NAHB e-Newsletters | Search Back Issues

In this issue:
Housing Starts and Permits Fall to Record Low Levels
The 2009 International Builders' Show - Jan. 20-23, 2009
Special Study: The First-Time Homebuyer Tax Credit: A Primer
Housing Market Statistics At-A-Glance

Housing Starts and Permits Fall to Record Low Levels

Housing starts fell by 4.5 percent in October 2008 to an annual rate of 791,000, the lowest since records were kept beginning in 1959. Authorizations for building permits tumbled 12.0 percent to a 708,000 pace, the lowest since the 1960s. Construction of new single-family homes dropped 3.3 construction of new single-family homes dropped 3.3 percent between September and October to a 531,000 annual rate, while multifamily starts contracted by 6.8 percent to a 260,000 level.

Housing Starts and Building Permits for October 2008
	DATE	CURRENT		LAST	% Change	Download Starts and Permits
Starts	11/19/2008	791Th		828Th	- 4.5%
Permits	11/19/2008	708Th		805Th	- 12.0%

Housing starts fell by 4.5 percent in October 2008 to an annual rate of 791,000, the lowest since records were kept beginning in 1959. Authorizations for building permits tumbled 12.0 percent to a 708,000 pace, the lowest since the 1960s. Construction of new single-family homes dropped 3.3 construction of new single-family homes dropped 3.3 percent between September and October to a 531,000 annual rate, while multifamily starts contracted by 6.8 percent to a 260,000 level.

Download data for Housing Starts & Permits.

For more information or to contact us directly, please visit www.NAHB.org | ©2008, National Association of Home Builders