New home construction activity slips in November | Real Estate ...

By Dennis Norman, on December 20th, 2012

Today?s report on new home construction activity for November from the Commerce Department shows activity slipped from October however is still up significantly from a year ago.? Granted, even though up from a year ago, a year ago construction activity was at anemic levels, however it?s still an improvement.

New Home Construction Numbers for November, 2012:

• Permits for new single family homes were at a seasonally-adjusted annual rate of 565,000 homes, a 0.2 percent decrease from October and a 25.3 percent increase from November 2011.
• New single family starts were at a seasonally-adjusted annual rate of 565,000 homes, a 4.1 percent decrease from October and a 22.8 percent increase from November 2011.
• New single family home completions were at a seasonally-adjusted annual rate of 520,000 homes, a 2.4 percent decrease from October and a 14.3 percent increase from November 2011.

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Source: http://www.realestateindustrynews.com/new-homes/new-home-construction-activity-slips-in-november/

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