Economic Charts

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Sunday, February 27, 2011

Updated Housing Permits, Starts, Completions

I decided we needed to get a better view of where the housing picture so I went back into the data to 2005. What you will notice is that at the height of the market in 2006 we saw completions that were above permits and starts, but in 2010 we have moved where completions are under permits and starts.  The other data point is that we are are less than 1/4 of the number of permits/starts/completions than from 2006, but their is 7.6 months of inventory on the market is higher then 2006 (where inventory was hard to find) and this inventory is going to grow over he next 2 years.  So the question you might ask is if we have so much inventory on the market right now, why add more houses to the market?  The answer is that if we didn't these builders would go out of business.

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