HI-TRANSFER

Today’s New Residential Construction Report showed mixed results in February with single family permits increasing from January while starts declined over the same period.

Single family housing permits, the most leading of indicators, increased a whopping 4.9% from last month to 472K single family units (SAAR), and increased 23.6% above the level seen in February 2011 but remaining an astonishing 73.75% below the peak in September 2005.

Single family housing starts plunged 9.86% to 457K units (SAAR), but climbed 17.78% above the level seen in February 2011 and remaining a stunning 74.93% below the peak set in early 2006.

With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.

Today’s New Residential Construction Report showed that in December, both single family permits and starts increased from November with permits continuing to show tepid results when compared on a year-over-year basis while starts improved notably over the same period.

Single family housing permits, the most leading of indicators, increased 1.8% from last month to 444K single family units (SAAR), but declined 0.22% below the level seen in December 2010 and remaining an astonishing 75.31% below the peak in September 2005.

Single family housing starts increased 4.44% to 470K units (SAAR), and climbed 11.64% above the level seen in December 2010 but remaining a stunning 74.22% below the peak set in early 2006.

With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.

Today’s New Residential Construction Report showed that in November, both single family permits and starts increased from October with both measures continuing to show tepid results when compared on a year-over-year basis.

While the traditional business media jumped on this report as an indicator that housing is on the mend, closer inspection shows that the majority of the "strength" was in multi-unit structures, particularly structures with five or more units while single family activity remains historically subdued.

Single family housing permits, the most leading of indicators, increased 1.64% from last month to 435K single family units (SAAR), increasing 3.57% above the level seen in November 2010 but remaining an astonishing 75.81% below the peak in September 2005.

Single family housing starts increased 2.29% to 447K units (SAAR), but dropped 1.54% below the level seen in November 2010 and a stunning 75.48% below the peak set in early 2006.

With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.

Today’s New Residential Construction Report showed that in October, both single family permits and starts increased from September with both measures continuing to show tepid results when compared on a year-over-year basis.

Single family housing permits, the most leading of indicators, increased 5.1% from last month to 434K single family units (SAAR), increasing 6.6% above the level seen in October 2010 but remaining an astonishing 75.86% below the peak in September 2005.

Single family housing starts increased 3.9% to 430K units (SAAR), but dropped 0.9% below the level seen in October 2010 and a stunning 76.41% below the peak set in early 2006.

With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.

Today’s New Residential Construction Report showed that in September, single family permits declined while single family starts increased from August with both measures continuing to show tepid results when compared on a year-over-year basis.

Single family housing permits, the most leading of indicators, declined 0.2% from last month to 417K single family units (SAAR), increasing 3.47% above the level seen in September 2010 but remaining an astonishing 76.81% below the peak in September 2005.

Single family housing starts increased 1.7% to 425K units (SAAR), but dropped 4.92% below the level seen in September 2010 and a stunning 76.69% below the peak set in early 2006.

With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.

Today’s New Residential Construction Report showed that single family permits went flat while single family starts declined notably from last month with both measures continuing to show sight year-over-year declines.



Single family housing permits, the most leading of indicators, remained flat from last month at 404K single family units (SAAR), dropping 1.22% below the level seen in July 2010 and an astonishing 77.53% below the peak in September 2005.



Single family housing starts declined 4.9% to 425K units (SAAR), dropping 0.93% below the level seen in July 2010 and a stunning 76.69% below the peak set in early 2006.



With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.

Today’s New Residential Construction Report showed increases to both single family permits and starts from last month but a notable decline to permits from last year while starts showed the first (albeit slight) annual increase in thirteen months.

Single family housing permits, the most leading of indicators, increased a slight 0.2% on a month-to-month basis to 407K single family units (SAAR), dropping a notable 3.78% below the level seen in June 2010 and an astonishing 77.36% below the peak in September 2005.

Single family housing starts increased 9.4% to 453K units (SAAR), rising a slight 0.44% above the level seen in June 2010 and a stunning 75.15% below the peak set in early 2006.

With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.

Today’s New Residential Construction Report showed a notable declines across the board with with both total and single family permits and starts falling from last month and last year while the new home market remains historically distressed.

Single family housing permits, the most leading of indicators, declined 1.8% on a month-to-month basis to 385K single family units (SAAR) from a lower revised 392K in March, dropping a notable 18.6% below the level seen in April 2010 and an astonishing 78.59% below the peak in September 2005.

Single family housing starts declined 5.1% to 394K units (SAAR), dropping a whopping 30.4% below the level seen in April 2010 and a stunning 78.39% below the peak set in early 2006.

With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.