New Residential Construction Report: January 2016

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

Today's New Residential Construction Report showed weak results with total permit activity declining 0.2% since December while total starts declined a notable 3.8% over the same period.

Single family housing permits, the most leading of indicators, declined 1.6% from December to 720K single family units (SAAR), but rose 9.6% above the level seen a year earlier and still remained well below levels seen at the peak in September 2005.

Single family housing starts declined a notable 3.9% from December to 731K units (SAAR) but rose 3.5% above the level seen a year earlier but still remained well below the levels seen at the peak in September 2005.