Housing starts dropped 16.8% in January

New residential-housing construction permits continued to decline last month, falling 4.8% from December.
FEB 18, 2009
By  Bloomberg
New residential-housing construction permits continued to decline last month, falling 4.8% from December. New construction permits dropped to 521,000, a 50.5% decrease from January 2008 There were 466,000 housing starts last month, a 16.8% drop from December and a 56.2% decline from January 2008, according to a report released today by the Census Bureau and the Department of Housing and Urban Development. In addition, 776,000 privately owned housing units were completed last month, down 24.2% from December and 41.7% from a year earlier. Single-family housing completions saw a 17.5% decline from December, to 566,000.

Latest News

The power of cultivating personal connections
The power of cultivating personal connections

Relationships are key to our business but advisors are often slow to engage in specific activities designed to foster them.

A variety of succession options
A variety of succession options

Whichever path you go down, act now while you're still in control.

'I’ll never recommend bitcoin,' advisor insists
'I’ll never recommend bitcoin,' advisor insists

Pro-bitcoin professionals, however, say the cryptocurrency has ushered in change.

LPL raises target for advisors’ bonuses for first time in a decade
LPL raises target for advisors’ bonuses for first time in a decade

“LPL has evolved significantly over the last decade and still wants to scale up,” says one industry executive.

What do older Americans have to say about long-term care?
What do older Americans have to say about long-term care?

Survey findings from the Nationwide Retirement Institute offers pearls of planning wisdom from 60- to 65-year-olds, as well as insights into concerns.

SPONSORED The future of prospecting: Say goodbye to cold calls and hello to smart connections

Streamline your outreach with Aidentified's AI-driven solutions

SPONSORED A bumpy start to autumn but more positives ahead

This season’s market volatility: Positioning for rate relief, income growth and the AI rebound