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Construction up in September

Construction permits for single family housing jumped 6.7 percent from August 2012. Despite the increase, construction remains 69.7 percent below the peak reached in September 2005.

By SoldAtTheTop,?Guest blogger / October 17, 2012

This graph tracks single family housing construction permits since 2001. Last month, single family housing construction permits jumped 27.3 percent above last year's level.

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Today?s?New Residential Construction Report?showed notable gains in September with single family permits increasing significantly from August while starts also increased over the same period.?

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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Single family housing permits, the most leading of indicators, jumped 6.7% from August to 545K single family units (SAAR), and increased 27.3% above the level seen in September 2011 but still remained an astonishing 69.7% below the peak in September 2005.?

Single family housing starts increased 11% from August to 603K units (SAAR), and climbed 42.9% above the level seen in September 2011 but still remained 66.9% below the peak set in early 2006.?

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here.To add or view a comment on a guest blog, please go to the blogger's own site by clicking on paper-money.blogspot.com.

Source: http://rss.csmonitor.com/~r/feeds/csm/~3/PaldIyxgCBI/Construction-up-in-September

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