New Residential Construction Report: December 2015

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Includes: ITB, PKB, XHB
by: Sold At The Top

Wednesday's New Residential Construction Report showed weak results with total permit activity declining 3.9% since November while total starts declined 2.3% over the same period.

Single family housing permits, the most leading of indicators, increased 1.8% from November to 740K single family units (SAAR), and rose 8.0% above the level seen a year earlier but still remained well below levels seen at the peak in September 2005.