Thursday 28 May 2009

Its a bad time to be a builder in America

New home construction permits are at their lowest level in decades. In April, permit approvals, which are a leading indicator of constuction activity, were about 75 percent down from the peak during the bubble.

Sorry folks, there is no recovery here.

2 comments:

Vodka drinker said...

There have been at least six recoveries since the slide began.

roym said...

presumably there wont be a "recovery" on this measure as they have some many vacant properties. similar to Ireland?