Housing Permits Hit Record Lows

A new report reveals the depth of the housing market's decline

By U.S. News Staff

December 17, 2008 RSS Feed Print
  • 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

Tags:
recession,
economy,
housing,
housing market

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