GOOD NEWS IS GREAT, UNDERSTANDING IS BETTER,
HERE WE ARE THROUGH JULY AND THE NUMBERS YEAR OVER REMAIN IMPRESSIVE ON RESIDENTIAL BUILDING. THAT IS, IF YOU DID NOT LOOK AT THE HISTORICAL PERSPECTIVE. IN ANY INDUSTRY, THAT SIX YEARS FROM THE LAST PEAK, WAS STILL RUNNING 63 TO 71% LESS THAN THE PEAK AND 41 TO 52% OFF THE FIFTY YEAR AVERAGES, NO ONE WOULD EVER BE DESCRIBING THAT INDUSTRY AS RECOVERING. JUST ASK YOU SELF WHAT WOULD OTHER INDUSTRIES LOOK LIKE IF THEY WERE STILL OPERATING AT THOSE LEVELS? THE STOCK MARKET IN THOSE TERM, THE DOW WOULD RANGE 5204,THE S&P WOULD RANGE 576, THE NASDAQ WOULD RANGE 1691, GOLD WOULD RANGE 701, OIL WOULD RANGE $52 A BARREL, TOTAL EMPLOYMENT WOULD RANGE AT 51,000,000, UNEMPLOYMENT WOULD RANGE AT 22%, SO THE QUESTION TO PONDER WHO IS TRYING TO FOOL WHOM?
| actual total for year | permit issued | start of construction | ||||||
| multi | single | multi | single | single sales | ||||
| 2012: | Year to Date | 453.5 | 296.3 | 435.9 | 306.8 | 224 | ||
| 2011: | Year to Date | 346.1 | 243.8 | 346.7 | 254.1 | 185 | ||
| year over year + or - | 31.03% | 21.53% | 25.73% | 20.74% | 21.08% |
| seasonally adjusted | ||||||
| permits issued | permits issued total | |||||
| one unit structure | includes multi family | |||||
| permits issued | 513 | 812 | ||||
| peak year | 1682 | 2219 | ||||
| permits % drop from peak | 70% | 63% | ||||
| 50 year average | 911 | 1383 | ||||
| permits % drop from 50 year | 44% | 41% | ||||
| movement up from Bottom | 353 | 45% | 522 | 56% | ||
| housing started | starts total | |||||
| one unit structure | includes multi family | |||||
| starts | 502 | 746 | ||||
| peak year | 1611 | 2357 | ||||
| starts % drop from peak | 69% | 68% | ||||
| 50 year average | 1056 | 1481 | ||||
| starts % drop from 50 year | 52% | 50% | ||||
| movement up from Bottom | 360 | 39% | 520 | 43% | ||
| housing sales | ||||||
| one unit structure | ||||||
| new single family sales | 372 | |||||
| peak year July 2005 | 1283 | |||||
| sales % drop from peak | 71% | |||||
| 48 year average from 1963 | 628 | |||||
| sales % drop from 48 year average | 41% | |||||
| Bottom August 2010 | ||||||
| movement up from Bottom | 278 | 34% |
Comments (1)Subscribe to CommentsComment