John's Florida Real Estate Blog


US Commerce Department Says New Home Construction the Lowest in Over a Decade

Today the US Commerce Department released information concerning the housing market. Building permits were down 5.9% from July 2007, and down 24.5% from August 2006. More particularly, single-family building permits were down 8.1% from July 2007.

Housing starts were down 2.6% from July of this year and 19.1% below August 2006. Single-family starts were 7.1% below July's figure.

Housing Completions were 0,2% below those in July 2007 and 19.0% below August 2006. However, single-family housing completions were 3.4% ABOVE those of July 2007.

The above information deals only with privately-owned housing, not commercial projects, etc.

If you would like to see the complete Commerce Department press release and its accompanying tables, you can click on the following link:
Download newresconst.pdf

SOURCE: US Department of Commerce Press Release

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John Elwell - REALTOR


Bill Nye Realty, Inc.


Licensed in Florida


Comment balloon 0 commentsJohn Elwell • September 19 2007 04:20PM


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