Housing Economics - 12/16/2008 (Plain Text Version)

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In this issue:
Housing Starts and Permits Continue to Fall
The 2009 International Builders' Show - Jan. 20-23, 2009
Special Study: Spending Patterns of Home Buyers
Housing Market Statistics At-A-Glance

Housing Starts and Permits Continue to Fall

Total housing starts fell nearly 19 percent in November 2008 to a seasonally-adjusted 625,000 units, the lowest level since the Commerce Department started collecting these data. Single-family starts also fell to an all-time low of 441,000 units in November, representing a decline of 17 percent from the previous month. Starts declined in all four Census regions, led by a 35 percent drop in the Northeast. Building permits, an indicator of future housing activity, declined 15.6 percent between October and November to an annual rate of 616,000.

Housing Starts and Building Permits for October 2008
	DATE	CURRENT		LAST	% Change	Download Starts and Permits
Starts	12/16/2008	625Th		771Th	- 18.9%
Permits	12/16/2008	616Th		730Th	- 15.6%

Total housing starts fell nearly 19 percent in November 2008 to a seasonally-adjusted 625,000 units, the lowest level since the Commerce Department started collecting these data. Single-family starts also fell to an all-time low of 441,000 units in November, representing a decline of 17 percent from the previous month. Starts declined in all four Census regions, led by a 35 percent drop in the Northeast. Building permits, an indicator of future housing activity, declined 15.6 percent between October and November to an annual rate of 616,000.

Download data for Housing Starts & Permits.

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