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.
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Bob DeMarco is a citizen journalist and twenty year Wall Street veteran. Bob has written more than 500 articles with more than 11,000 links to his work on the Internet. Content from All American Investor has been syndicated on Reuters, the Wall Street Journal, Fox News, Pluck, Blog Critics, and a growing list of newspaper websites. Bob is actively seeking syndication and writing assignments.

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