Housing Starts and Building Permits TOMORROW MORNING!

Discussion in 'Economy' started by Neubarth, Feb 16, 2010.

  1. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Housing Starts and Building Permits

    * Raw Data Available At: http://www.census.gov/ftp/pub/indicator/www/housing.html.

    Housing Starts are a measure of the number of residential units on which construction is begun each month. A start in construction is defined as the beginning of excavation of the foundation for the building and is comprised primarily of residential housing. Building permits are permits taken out in order to allow excavation. An increase in building permits and starts usually occurs a few months after a reduction in mortgage rates. Permits lead starts, but permits are not required in all regions of the country, and the level of permits therefore tends to be less than the level of starts over time.

    The monthly national report is broken down by region: Northeast, Midwest, South, and West. Briefing recommends analyzing the regional data because they are subject to a high degree of volatility. The high volatility can be attributed to weather changes and/or natural disasters. For example, an unexpectedly high level of rain in South could delay housing starts for the region.
     
  2. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    There has to be some sort of bounce off of the bottom. So far we have not seen it.

    [​IMG]

    [​IMG]
     
    Last edited: Feb 16, 2010
  3. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    wHEN YOU SEE THE TREND, YOU KNOW THAT THE ECONOMY IS STILL HEADED DOWN. THIS IS CATASTROPHIC!

    BUILDING PERMITS

    JAN 2010 621k
    DEC 2009 653 K

    AUG 2008 854 K
    JUL 2008 937 K
    JUN 2008 1091 K
    MAY 2008 969 K
    APR 2008 1008 K
    MAR 2008 927 K
    FEB 2008 978 K
    JAN 2008 1048 K
    DEC 2007 1068 K
    MAY 2007 1501 K
    APR 2007 1457 K
    MAR 2007 1544 K
    FEB 2007 1532 K
    JAN 2007 1571 K
    DEC 2006 2068 K
    NOV 2006 1505 K
    OCT 2006 1535 K
    SEP 2006 1619 K
    AUG 2006 1722 K
    JUL 2006 1747 K
    JUN 2006 1862 K
    MAY 2006 1932 K
    APR 2006 1984 K
    MAR 2006 2059 K
    FEB 2006 2145 K
    JAN 2006 2217 K
    DEC 2005 2068K

    http://biz.yahoo.com/c/e.html
     
    Last edited: Feb 17, 2010
  4. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    NEW HOUSING STARTS. Remember this is expressed in UNITS. A unit can be a one bedroom studio apartment in a mega apartment building or it can be a mansion on a hilltop. Do you see what a total disaster the present number for January is? Can anybody appreciate how many construction workers this tells us are out of work?


    JAN 2010 621K

    JUL 2009 581K
    JUN 2009 587K

    NOV 2008 651K
    OCT 2008 771K
    SEP 2008 828K
    AUG 2008 895K
    JUL 2008 954K
    JUN 2008 1084K

    FEB 2008 1075K

    MAY 2007 1474 K
    APR 2007 1506K
    MAR 2007 1518K
    FEB 2007 1525K
     

Share This Page