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:
economy,
recession,
housing,
housing market

Reader Comments

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Cartoons

advertisement

Debate Club

Was 2011 One of the Worst Years for the U.S. Government in American History?

Experts debate where 2011 ranks among Washington's worst years.

Latest Video

Thomas Jefferson Street Blog

Romney's Bain Experience Wasn't Real American Capitalism

The fact that Bain Capital served to make money for investors, not to create jobs, could endanger Romney.

Why Is Mitt Romney Embracing Birther Donald Trump?

Maybe Trump is Romney's idea of a rich guy that common people can relate to?

Does Barack Obama Actually Want to Be Re-Elected?

The president's lack of enthusiasm jeopardizes his campaign.

3 Reasons Why the Scott Walker Wisconsin Recall Election Matters

Scott Walker is a canary in a coal mine.

The Right's Fixation With 'Vetting' Obama

American voters can use the past four years to judge Obama's qualifications as president

Voters Tuning Out Flood of 2012 Super PAC, Campaign Ads

This will be the year of grassroots voters, not Nielsen families.

Scott Walker's Union Fight Helps Mitt Romney Against Barack Obama

The Wisconsin governor refuses to back down from his opposition to collective bargaining.

Why Is It Only Women Who Need 'Informing' on Reproductive Health?

Men's sexual behavior could also use some "controlling."

advertisement

  1. 10 Ways to Pay for Retirement
  2. 10 Places Where Retirees Live in Poverty
  3. The Best Jobs of 2012
  4. The Colleges That Made Them CEOs
  5. There's No Flesh-Eating Bacteria Epidemic, Experts Say