Housing constuction zooms?

By
Industry Observer with Howard Sumner Consulting

Here is the headline from yahoo financial news

Housing Starts Surge to 1.5 Year High, Futures Rally

Here are the actual numbers--- whom is trying to sell what to whom ? ---- swamp land comes to mind

 

 

 


FOR IMMEDIATE RELEASE TUESDAY, DECEMBER 20, 2011 AT 8:30 A.M. EST

 

actual total for year

permit issued

 

start of construction

   

multi

single

 

multi

single

single sales

2010:

Year to Date

551.0

416.4

 

553.1

444.5

256

 

2011:

Year to Date

561.4

384.4

 

564.9

399.4

236

 

year over year + or  -

1.89%

-7.68%

 

2.13%

-10.15%

7.81%

 
                 

seasonally adjusted

             
 

permits issued

     

permits issued total

   
 

one unit structure

     

includes multi family

   

permits issued

 

435

   

681

     
                 

peak year

 

1798

   

2363

     

permits % drop from peak

 

76%

   

71%

   

50 year average

 

920

   

1400

     

permits % drop from 50 year

 

53%

   

51%

   
                 

movement up from Bottom

353

23%

 

522

30%

   
                 
 

housing started

     

starts total

     
 

one unit structure

     

includes multi family

   

starts

 

447

   

685

     
                 

peak year

 

1823

   

2494

     

starts % drop from peak

 

75%

   

73%

   

50 year average

 

1066

   

1495

     

starts % drop from 50 year

 

58%

   

54%

   
                 

movement up from Bottom

360

24%

 

520

32%

   

Comments (3)

Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

We have had a few building start here but I am not seeing the sales on those yet. Overall our market has momentum but not for builders in MN.

Dec 20, 2011 01:38 AM
Wale Adewoyin
1st Crown Realty Corporation 503-512-6200 - Saint Helens, OR

The economy will not do better without a strong housing start. Lets rev our engines and get it going.

Dec 20, 2011 02:04 AM
Mike Morrison
Will & Will Real Estate Brokers, The Woodlands, Texas - Houston, TX

Classic Plunge Protection Team changing the rules during the game. Anyone who believes any stat coming from any branch of government or nar get's what they deserve. I'm getting REAL tired of the Whack-a-Mole Economic Strategy and the verbal diarrhea that is spewed forth daily.

..."the experience of thinking hard for a while about a subject is no longer available to some people"...

- Barry Schwartz, Swathmore College Psychologist

Dec 20, 2011 02:49 AM