Wednesday, March 16, 2016

New Residential Construction Report: February 2016

Today’s New Residential Construction Report showed mixed results with total permit activity declining 3.1% since January while total starts increased a notable 5.2% over the same period.

Single family housing permits, the most leading of indicators, increased 0.4% from January to 731K single family units (SAAR), and rose 16.8% above the level seen a year earlier and still remained well below levels seen at the peak in September 2005.

Single family housing starts increased a notable 7.2% from January to 822K units (SAAR) and rose 37.0% 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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