Housing Starts Dive, Permits Slip in Nov

Penis, Craig T.
December 2004
Bond Buyer;12/17/2004, Vol. 350 Issue 32032, p2
Trade Publication
This article reports that according to the U.S. Commerce Department data released on December 16, 2004, groundbreaking for new U.S. home construction in November fell to its lowest level in nearly a year and a half, plunging 13.1%, while private housing permits decreased 1.5% in November. Private housing starts fell to 1.771 million in November, following a revised 2.039 million-unit level in October, initially reported as 2.027 million units.


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