New Residential Construction Report: June 2013

Today’s New Residential Construction Report showed mixed results in June with an 9.9% decline to total housing starts and a 7.5% decline to total housing permits while both single family housing permits and starts improved on the month.

Single family housing permits, the most leading of indicators, increased 0.6% from May to 624K single family units (SAAR), and  increased 24.6% above the level seen in June 2012 but still remained well below levels seen at the peak in September 2005.

Single family housing starts declined 0.8% from May to 591K units (SAAR), and rose 11.5% above the level seen in June 2012 but still remained well below the peak set in early 2006.

New Residential Construction Report: May 2013

Today’s New Residential Construction Report showed mixed results in May with an 6.8% increase to total housing starts and a 3.1% decline to total housing permits while single family housing permits improved on the month.

Single family housing permits, the most leading of indicators, increased 1.3% from April to 622K single family units (SAAR), and  increased 24.6% above the level seen in May 2012 but still remained well below levels seen at the peak in September 2005.

Single family housing starts increased 0.3% from April to 599K units (SAAR), and rose 16.3% above the level seen in May 2012 but still remained well below the peak set in early 2006.

New Residential Construction Report: April 2013

Today’s New Residential Construction Report showed mixed results in April with a notable declines to housing starts while housing permits improved notably on the month with total housing permits increasing by a notable 14.3%.

Single family housing permits, the most leading of indicators, increased 3.0% from March to 617K single family units (SAAR), and  increased 27.5% above the level seen in April 2012 but still remained well below levels seen at the peak in September 2005.

Single family housing starts declined 2.1% from March to 610K units (SAAR), but rose 20.8% above the level seen in April 2012 but still remained well below the peak set in early 2006.

New Residential Construction Report: March 2013

Today’s New Residential Construction Report showed mixed results in March with a notable 26.9% monthly increase in multi-unit housing starts greatly influencing the 7.0% monthly increase to total housing starts while single family housing starts declined by a notable 4.8% since February with total housing permits declining significantly as well.

Single family housing permits, the most leading of indicators, declined 0.5% from February to 595K single family units (SAAR), but increased 27.7% above the level seen in March 2012 but still remained an astonishing 66.91% below the peak in September 2005.

Single family housing starts declined 4.8% from February to 619K units (SAAR), but rose 28.7% above the level seen in March 2012 but still remained 66.04% below the peak set in early 2006.

New Residential Construction Report: February 2013

Today’s New Residential Construction Report showed broad improvement in February with solid increases for both single family permits and starts as well as improvement for total housing starts.

Single family housing permits, the most leading of indicators, rose 2.7% from January to 600K single family units (SAAR), and increased 25.52% above the level seen in February 2012 but still remained an astonishing 66.63% below the peak in September 2005.

Single family housing starts increased 0.5% from December to 618K units (SAAR), and rose 31.49% above the level seen in February 2012 but still remained 66.10% below the peak set in early 2006.

New Residential Construction Report: November 2012

Today’s New Residential Construction Report showed mixed results for November with a slight slip in single family permits and significant declines to total and single family starts but with gains to total permits.

Single family housing permits, the most leading of indicators, dropped 0.2% from October to 565K single family units (SAAR), and increased 25.3% above the level seen in November 2011 but still remained an astonishing 68.58% below the peak in September 2005.

Single family housing starts declined a whopping 4.1% from October to 565K units (SAAR), but rose 22.8% above the level seen in November 2011 but still remained 69.01% below the peak set in early 2006.

New Residential Construction Report: September 2012

Today’s New Residential Construction Report showed notable gains in September with single family permits increasing significantly from August while starts also increased over the same period.

Single family housing permits, the most leading of indicators, jumped 6.7% from August to 545K single family units (SAAR), and increased 27.3% above the level seen in September 2011 but still remained an astonishing 69.7% below the peak in September 2005.

Single family housing starts increased 11% from August to 603K units (SAAR), and climbed 42.9% above the level seen in September 2011 but still remained 66.9% below the peak set in early 2006.

New Residential Construction Report: August 2012

Today’s New Residential Construction Report showed gains in August with single family permits increasing from July while starts also increased over the same period.

Single family housing permits, the most leading of indicators, increased a slight 0.2% from July to 512K single family units (SAAR), and increased 19.3% above the level seen in August 2011 but still remained  an astonishing 71.52% below the peak in September 2005.

Single family housing starts increased 5.5% from July to 535K units (SAAR), and climbed 26.8% above the level seen in August 2011 and remained a stunning 70.65% below the peak set in early 2006.

New Residential Construction Report: May 2012

Today’s New Residential Construction Report showed gains in May with single family permits increasing from April while starts also increased over the same period.

Single family housing permits, the most leading of indicators, increased a notable 4.0% from April to 494K single family units (SAAR), and increased 19.9% above the level seen in May 2011 but still remained  an astonishing 72.53% below the peak in September 2005.

Single family housing starts increased 3.2% from April to 516K units (SAAR), and climbed 26.2% above the level seen in May 2011 and remained a stunning 71.70% below the peak set in early 2006.

New Residential Construction Report: February 2012

Today’s New Residential Construction Report showed mixed results in February with single family permits increasing from January while starts declined over the same period.

Single family housing permits, the most leading of indicators, increased a whopping 4.9% from last month to 472K single family units (SAAR), and increased 23.6% above the level seen in February 2011 but remaining an astonishing 73.75% below the peak in September 2005.

Single family housing starts plunged 9.86% to 457K units (SAAR), but climbed 17.78% above the level seen in February 2011 and remaining a stunning 74.93% below the peak set in early 2006.

With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.

New Residential Construction Report: December 2011

Today’s New Residential Construction Report showed that in December, both single family permits and starts increased from November with permits continuing to show tepid results when compared on a year-over-year basis while starts improved notably over the same period.

Single family housing permits, the most leading of indicators, increased 1.8% from last month to 444K single family units (SAAR), but declined 0.22% below the level seen in December 2010 and remaining an astonishing 75.31% below the peak in September 2005.

Single family housing starts increased 4.44% to 470K units (SAAR), and climbed 11.64% above the level seen in December 2010 but remaining a stunning 74.22% below the peak set in early 2006.

With the substantial headwinds of elevated unemployment, epic levels of foreclosure and delinquency, mounting bankruptcies, contracting consumer credit, and falling real wages, an overhang of inventory and still falling home prices, the environment for “organic” home sales remains weak and likely very fragile.