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[Marxism] Census Bureau Economic Briefing Room



And the good news is:


NEW RESIDENTIAL CONSTRUCTION IN MAY 2009
The U.S. Census Bureau and the Department of Housing and Urban Development
jointly announced the following new residential construction statistics for
May 2009:

BUILDING PERMITS
Privately-owned housing units authorized by building permits in May were at
a seasonally adjusted annual rate of 518,000. This is 4.0 percent (±1.7%)
above the revised April rate of 498,000, but is 47.0 percent (±2.1%) below
the May 2008 estimate of 978,000.

Single-family authorizations in May were at a rate of 408,000; this is 7.9
percent (±1.5%) above the revised April figure of 378,000. Authorizations of
units in buildings with five units or more were at a rate of 92,000 in May.

HOUSING STARTS
Privately-owned housing starts in May were at a seasonally adjusted annual
rate of 532,000. This is 17.2 percent (±14.4%) above the revised April
estimate of 454,000, but is 45.2 percent (±5.8%) below the May 2008 rate of
971,000.


http://www.census.gov/const/newresconst.pdf


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