Wednesday, May 27, 2009

Building Permits Drop 50 Percent Year over Year (Chart)


Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 494,000.

This is 3.3 percent below the revised March rate of 511,000 and is 50.2 percent below the revised April 2008 estimate of 991,000.

Single-family authorizations in April were at a rate of 373,000; this is 3.6 percent above the revised March figure of 360,000.

Authorizations of units in buildings with five units or more were at a rate of 103,000 in April.
Subscribe to EF Hutton via Email
Kindle: Amazon's Wireless Reading Device (Latest Generation)