Building Permits – Building permits increased to a 584,000 annualized pace, the highest level since November 2008, from 551,000 in October. While this marked a 6.0% month-over-month increase, permits are still down 7.3% from year-ago levels. – Housing starts rose 8.9% from October to a seasonally adjusted annual rate of 574,000 in November, but remain down 12.4% on a year-over-year basis. In October, housing starts fell unexpectedly as builders halted construction ahead of the original end of November expiration of the federal tax credit for first-time home buyers
Let’s hope the numbers remain positive so we can buy more great tools and keep on working!
