Tuesday, March 16, 2010

Housing Starts Stagnant

Business Week details:

Housing starts in the U.S. fell in February as record snowfall in parts of the country hampered construction, while fewer building permits signaled demand is stagnating.

Builders broke ground on 575,000 homes at an annual rate last month, down 5.9 percent from January’s revised 611,000 pace that was higher than initially estimated, Commerce Department figures showed today in Washington. Building permits, a sign of future construction, decreased for a second month.

The overall drop has been nothing short of epic...



Source: Census

3 comments:

JPB3 said...

The drop in the SOUTH has been epic. The drop in other places, not as epic.

Jake said...

i'm going to state that the drop in the west has been epic as well. from 500k to 100k is huge

goldtracker said...

Great graph. Thanks for providing it. Truly interesting times we find ourselves in. I'm in the South and it's been horrible.

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