New home contuction continues to show improvement as the genral housing market does. the question is what happens whne the fedral reserve takes away the sugar high of low interst rates. whith rates where they are basically the federal resrve has lowered the interst cost by about 47% since 2007. With that type of boost sales are still 40% below the fity year average which indicates some underlying problems yet to solve .h
| actual total for year | permit issued | start of construction | ||||||
| multi | single | multi | single | single sales | ||||
| 2012: | Year to Date | 746.4 | 478.0 | 719.9 | 496.9 | 338 | ||
| 2011: | Year to Date | 562.0 | 384.9 | 566.2 | 399.6 | 282 | ||
| year over year + or - | 32.81% | 24.19% | 27.15% | 24.35% | 19.86% |
| seasonally adjusted | ||||||
| permits issued | permits issued total | |||||
| one unit structure | includes multi family | |||||
| permits issued | 565 | 899 | ||||
| peak year | 1682 | 2219 | ||||
| permits % drop from peak | 66% | 59% | ||||
| 50 year average | 911 | 1383 | ||||
| permits % drop from 50 year | 38% | 35% | ||||
| movement up from Bottom | 353 | 60% | 522 | 72% | ||
| housing started | starts total | |||||
| one unit structure | includes multi family | |||||
| starts | 565 | 861 | ||||
| peak year | 1611 | 2357 | ||||
| starts % drop from peak | 65% | 63% | ||||
| 50 year average | 1056 | 1481 | ||||
| starts % drop from 50 year | 46% | 42% | ||||
| movement up from Bottom | 360 | 57% | 520 | 66% | ||
| housing sales | ||||||
| one unit structure | ||||||
| new single family sales | 377 | |||||
| peak year July 2005 | 1283 | |||||
| sales % drop from peak | 71% | |||||
| 48 year average from 1963 | 628 | |||||
| sales % drop from 48 year average | 40% | |||||
| Bottom August 2010 | ||||||
| movement up from Bottom | 278 | 36% |
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