Housing Permits Hit Record Lows
A new report reveals the depth of the housing market's decline
Posted December 17, 2008
- 730,000: Annual rate of housing permits for October 2008
- 700,000: Annual rate of housing permits predicted for November 2008 by the Commerce Department
- 616,000: Actual annual rate of housing permits for November 2008
- 48 percent: Decrease from the revised November estimate last year
- 33: Years since permit rates were as low as they are now
Read more Data Points.
Sources: CNN, Census Bureau
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