New Residential Construction Report: March 2016

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

Today's New Residential Construction Report showed pronounced weakness, with total permit activity declining 7.7% since February, while total starts declined a notable 8.8% over the same period.

Single-family housing permits, the most leading of indicators, declined 1.2% from February to 727K single-family units (SAAR), but rose 13.2% 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 9.2% from February to 764K units (SAAR), rose 22.6% above the level seen a year earlier, but still remained well below the levels seen at the peak in September 2005.

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