Headline on construction yesterday on yahoo
Home construction jumps 10.5 pct in August
Below are graphs and charts showing both permits and starts for both single family and all permits which include multi family, notoriously volatile. The number in the head line is true, the question to ponder does it actually have any significance? I can say I increased my savings by 20% by going from $10 saved to $12 saved but does the actual amount have any real out come on my well being. The chart below defines the actual market performance from peak, the average for the last five years and the average for last 50 years comparison. You might ponder the high price of swamp land trying to be sold to you and whether the king actually is wearing clothes as told by the minions or is the little boy right and the king has no clothes?
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permits issued |
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one unit structure |
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includes multi family |
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permits issued |
401 |
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569 |
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%drop |
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%drop |
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peak year |
1798 |
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2263 |
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issued drop from peak |
78% |
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75% |
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five year average |
863 |
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1187 |
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issued drop from five year |
54% |
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52% |
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50 year average |
923 |
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|
1407 |
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issued drop from 50 year |
57% |
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60% |
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housing started |
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one unit structure |
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includes multi family |
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Start of construction |
438 |
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|
598 |
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peak year |
1723 |
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2273 |
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starts drop from peak |
75% |
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74% |
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five year average |
908 |
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|
1156 |
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starts drop from five year |
52% |
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|
48% |
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50 year average |
1071 |
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|
1502 |
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starts drop from 50 year |
59% |
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60% |
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