New Housing Starts? Way Down.
Building Permits Granted? Way Down.
Building Permits Granted? Way Down.
James Hamilton presents the data at Econbrowser.
Housing starts, which had been up an encouraging 4.9% during the month of September, surrendered those gains and a great deal more with a 14.6% drop in October. That puts them down 27% from October 2005.It looks as if Ed Leamer's forecast from over a year ago is still on track.
... Building permits for privately-owned housing units continued their free fall, down 6.3% for the month and 28% year to year.
Category: Economics, Housing Posted on
Monday, November 20, 2006 at 11:05am
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