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National single family and new constuction market

By Howard Sumner

Industry Observer with Howard Sumner Consulting

February 16, 2011 08:53 AM

Cnn headline

Home construction rises in January

8:40am: Building permits fall 10.4%, while new home construction rises 14.6% in January

And now for the rest of the story...........................

First single family permits and starts

Broken record!!!!!!!!!! There is no upward trend the construction line moved somewhat during the tax give away, yet never even came close to moving towards a recovery. Unfortunately new home construction will continue to flat line until the existing home sale market starts its recovery which is total dependent on when the economy begins to create jobs and the distressed sale properties are gone soooooooooo it looks like a minimum of another year flat lined with most probably a trend starting up in 2012 yet with the changes in requirements in loans most probably very slow going for my friends in the building business

	permits issued
	one unit structure
permits issued		421

peak year		1798
permits % drop from peak		77%
five year average	756
% drop from five year		44%
50 year average	920
permits % drop from 50 year	54%

	housing started
	one unit structure
starts		413

peak year		1823
starts % drop from peak		77%
five year average	801
starts % drop from five year	48%
50 year average	1066
starts % drop from 50 year	61%

permits issued total

includes multi family



permits issued		562

peak year		2363
permits % drop from peak		76%
five year average	1053
% drop from five year		47%
50 year average	1400
permits % drop from 50 year	60%

	starts total
	includes multi family
starts		596

peak year		2494
starts % drop from peak		76%
five year average	1031
starts % drop from five year	42%
50 year average	1495
starts % drop from 50 year	60%