Economic Reports 03/20/07
Summary: Read it and weep, the housing train wreck continues...
Housing Starts Feb +9% to 1.525 M vs prior 1.399M Full Report
Inside the number: The rebound in starts comes after a record 14% decrease in Jan to a 10 year low.
Yoy starts are down 28.5%. Average starts over the last 5 months the lowest since Dec 1997. More importantly, the sign of future economic development...
Building Permits Feb -2.5% 1.532 M vs prior 1.571 M
The 12th decrease in 13 months, Yoy permits are down 28.6% and single family home permits fell 10.3% to 1.22 M, the lowest in 9 years.
Housing Starts Feb +9% to 1.525 M vs prior 1.399M Full Report
Inside the number: The rebound in starts comes after a record 14% decrease in Jan to a 10 year low.
Yoy starts are down 28.5%. Average starts over the last 5 months the lowest since Dec 1997. More importantly, the sign of future economic development...
Building Permits Feb -2.5% 1.532 M vs prior 1.571 M
The 12th decrease in 13 months, Yoy permits are down 28.6% and single family home permits fell 10.3% to 1.22 M, the lowest in 9 years.
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