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rehab: Residential Construction Figures for December 2010 - 01/19/11 08:59 PM
The BEA released residential construction data today.
Building permits in December were up 16.7 percent from November but down 6.8 percent compared to December 2009.
Housing starts in December 2010 were down 4.3 percent from November and 8.2 percent below December 2009.
Some reports list the inclement weather, particularly in the Northeast and Northwest, as reason for permits being filed but houses not being built.
Still, the starts number was at a level of 529,000, which is more than 100,000 units less than the filed permits. I believe the problem runs deeper than just inclement weather, attributing some of … (0 comments)
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Craig Grella
Nashville,
TN
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CreativeREO
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