Largest Drop In Permits For New Home Construction Since 1990

17 de may de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>Largest Drop In Permits For New Home Construction Since 1990</h1><p>May 17 (EIRNS)--The <em>Washington Post</em> reports that the number of builders' requests for future home-construction permits fell by 8.9% in April, the largest drop in 17 years. A small gain was registered in April of homes constructed, but even with that slight improvement, "housing construction is 25.9 per cent lower than a year ago...." The <em>Post</em> reports that analysts say that "the far more telling figure was the drop in permits, given that they are viewed as a better indicator of where housing is headed."</p></div></body>