New construction for January Nationally
The box below is basically comparing January of 2012 to January of 2013. The new construction market shows improvements straight across the board which is a positive, as always when you are comparing smaller numbers the percentage increase show as huge move. Permits issued show a more positive outlook than the actually starts.
| actual total for year | permit issued | start of construction | ||||||
| multi | single | multi | single | single sales | ||||
| 2013: | Year to Date | 65.5 | 40.5 | 58.5 | 39.6 | 31 | ||
| 2012: | Year to Date | 46.3 | 29.9 | 47.2 | 33.1 | 23 | ||
| year over year + or - | 41.47% | 35.45% | 23.94% | 19.64% | 34.78% |
The numbers and comparisons below show how well the “recovery’ is actually performing you still see a 62% to 74% drop from the peak and 30% to 46% percent drop from the fifty year average. The bounce from the bottom shows marked improvement 57% to 71% from the bottom yet when taken with the above numbers merely means we know the patience is not dead but in serious condition. When new conduction gets to with 5% of the fifty year average then recovery has been accomplished, taking in consideration the new financing rules, the peak we achieved going into this down turn will be sometime far off in the future.
| seasonally adjusted | ||||||
| permits issued | permits issued total | |||||
| one unit structure | includes multi family | |||||
| permits issued | 584 | 925 | ||||
| peak year | 1682 | 2219 | ||||
| permits % drop from peak | 65% | 58% | ||||
| 50 year average | 911 | 1383 | ||||
| permits % drop from 50 year | 36% | 33% | ||||
| movement up from Bottom | 353 | 65% | 522 | 77% | ||
| housing started | starts total | |||||
| one unit structure | includes multi family | |||||
| starts | 613 | 890 | ||||
| peak year | 1611 | 2357 | ||||
| starts % drop from peak | 62% | 62% | ||||
| 50 year average | 1056 | 1481 | ||||
| starts % drop from 50 year | 42% | 40% | ||||
| movement up from Bottom | 360 | 70% | 520 | 71% | ||
| housing sales | ||||||
| one unit structure | ||||||
| new single family sales | 437 | |||||
| peak year July 2005 | 1283 | |||||
| sales % drop from peak | 66% | |||||
| 48 year average from 1963 | 628 | |||||
| sales % drop from 48 year average | 30% | |||||
| Bottom August 2010 | ||||||
| movement up from Bottom | 278 | 57% |
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