Latest News / Operations & Technology

March 18, 2008 ― Single-Family Home Starts Drop To Lowest In 17 Years

March 18, 2008
/ Print / Reprints /
ShareMore
/ Text Size+

The Commerce Department said today single-family housing starts dropped almost 7 percent last month to a seasonally adjusted annual rate of 707,000, the lowest in 17 years.

Since a peak reached two years ago, the department’s figures show single-family housing starts are off more than 60 percent.

Meanwhile, building permits for single-family homes, a leading indicator of future construction, dropped just over 6 percent last month, also a 17-year low.

Overall, total housing permits fell almost 8 percent last month to a seasonally adjusted rate of 978,000, the biggest monthly decline in 13 years and the lowest annual rate since fall of 1991.

In the past year, housing starts are down 28 percent. Single-family starts are down 40.5 percent. Building permits are down 36.5 percent in the past year, while single-family permits are down 42 percent, the biggest drop in 26 years.

Did you enjoy this article? Click here to subscribe to Supply House Times.
You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

BNP Media's Plumbing Group Visits Grundfos North American Headquarters

BNP Media’s Plumbing Group, comprised of the Plumbing & Mechanical, Supply House Times, PM Engineer (pme) and Reeves Journal brands, recently visited Grundfos’ new North American headquarters building in the western Chicago suburb of Downers Grove, Ill.

8/26/14 1:00 pm EST

Free Webinar: Low Temperature Heat Emitter Options in Hydronic Systems

With proper design, you can create systems that require supply water temperatures no higher than 120° F under design load conditions.

Supply House Times

August 2014

2014 August

In the August issue of Supply House Times, see what NetworkASA 2014 has to offer in terms of education and networking within the industry. WIT & Co. are celebrating a milestone, read about the 2014 SWA Convention, and see what classes the ASA Education Foundation has to offer. Also, discover the latest products and technologies in the supply chain/distribution industry.
Table Of Contents Subscribe

Supply House Times Poll

Back to School

It’s back-to-school time, how do you stay knowledgeable on the industry:
View Results Poll Archive

The Supply House Times Store

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

CS-OflRGBhomepage.jpgWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

Premier 125

Premier 125 button

The information SUPPLY HOUSE TIMES uses to rank the Premier 125 is the most accurate we can gather. It is primarily based on responses to a questionnaire we send to the wholesalers in our database, supplemented with information obtained from industry reports and estimates.

STAY CONNECTED

facebook Twitter Updated icon Youtube Updated icon    LinkedIn Updated icon  Google+