New Residential Construction Report: December 2013

 |  Includes: ITB, PKB, REZ, RTL, XHB
by: Sold At The Top

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Today’s New Residential Construction Report showed a notable declines to both total permit activity and total start activity with starts dropping 9.8% from November.

Single family housing permits, the most leading of indicators, declined 4.8% from November to 610K single family units (SAAR), and increased 4.5% above the level seen in December 2012 but still remained well below levels seen at the peak in September 2005.