[Marxism] Census Bureau Economic Briefing Room

[S. Artesian]

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