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October Housing Construction Trends Report Released by Forefront Economics Inc.

Tue, 29 Nov 2005, 15:58:00 EST

Edited by Carly Zander

BEAVERTON, OR (SEND2PRESS NEWSWIRE) -- Forefront Economics Inc., publisher of the Housing Construction Trends Report, released their analysis of trends in residential units permitted for construction through October today. "Pockets of weakness observed last month in the underlying trend in housing units permitted for construction have spread to now include several areas," said Mark Thompson, President of Forefront Economics Inc.

"Our analysis shows that permits for single family construction are trending higher in the South, but are flat in the Northeast and West and falling in the Midwest. Just last month, three of the four Census Regions were trending higher in single family construction permits. This month's data provide another indication that single family residential construction has reached a seasonally adjusted peak and may now be trending lower. If so, single family permits will join multifamily construction in what is a predominately negative trend. All Regions now show a clearly falling trend in multifamily units permitted for construction."

Forefront Economics uses statistical algorithms to assess the strength and direction of trends in units permitted for construction down to the county level. This analysis is reported in their monthly Housing Construction Trends Report along with comparisons to the previous year and seasonally adjusted levels. Readers can use this information to spot the peaks and troughs in construction trends easier and earlier than simply looking at actual or seasonally adjusted values. Trends reported and discussed are adjusted for normal seasonality and irregular shocks allowing a clearer picture of the underlying trend.

Forefront Economics Inc. also released state trends for single family and multifamily units permitted for construction. State reports are available at http://housingtrends.forecon.com.

Trends by State, Single and Multifamily Units Permitted for Construction Classification of trend is based on the Forefront Economics Trend Index (FETI)

State			Single Family		Multifamily

Alabama			Moderately Positive	Moderately Negative

Alaska			Flat			Strongly Negative

Arizona			Flat			Strongly Positive

Arkansas		Flat			Strongly Positive

California		Moderately Negative	Strongly Negative

Colorado		Flat			Strongly Negative

Connecticut		Strongly Negative	Moderately Negative

Delaware		Moderately Negative	Flat

District of Columbia	Flat			Strongly Negative

Florida			Flat			Flat

Georgia			Moderately Positive	Flat

Hawaii			Strongly Positive	Moderately Positive

Idaho			Moderately Negative	Strongly Negative

Illinois		Strongly Negative	Flat

Indiana			Moderately Positive	Strongly Positive

Iowa			Strongly Positive	Flat

Kansas			Strongly Positive	Strongly Negative

Kentucky		Strongly Negative	Strongly Negative

Louisiana		Moderately Negative	Flat

Maine			Moderately Negative	Moderately Positive

Maryland		Moderately Negative	Strongly Negative

Massachusetts		Flat			Flat

Michigan		Moderately Negative	Strongly Negative

Minnesota		Flat			Strongly Negative

Mississippi		Flat			Flat

Missouri		Moderately Negative	Strongly Negative

Montana			Flat			Strongly Negative

Nebraska		Strongly Positive	Flat

Nevada			Strongly Positive	Flat

New Hampshire		Moderately Negative	Strongly Positive

New Jersey		Strongly Negative	Moderately Negative

New Mexico		Flat			Strongly Positive

New York		Flat			Strongly Negative

North Carolina		Moderately Positive	Moderately Negative

North Dakota		Flat			Flat

Ohio			Flat			Flat

Oklahoma		Strongly Positive	Strongly Negative

Oregon			Moderately Negative	Strongly Positive

Pennsylvania		Strongly Positive	Moderately Negative

Rhode Island		Strongly Negative	Moderately Negative

South Carolina		Strongly Positive	Flat

South Dakota		Flat			Moderately Negative

Tennessee		Flat			Strongly Negative

Texas			Strongly Positive	Flat

Utah			Flat			Flat

Vermont			Strongly Negative	Strongly Positive

Virginia		Strongly Negative	Moderately Positive

Washington		Strongly Positive	Strongly Negative

West Virginia		Strongly Negative	Strongly Negative

Wisconsin		Moderately Negative	Strongly Positive

Wyoming			Moderately Positive	Strongly Positive

Forefront Economics Inc. has been providing professional consulting services to clients for 12 years, specializing in quantitative market analysis, reporting, statistical analysis, and econometric modeling and forecasting. Consulting services offered by Forefront Economics are designed to help clients make greater use of their operating and customer information to gain competitive advantage. Forefront Economics offers a unique combination of traditional and state-of-the-art analytical tools to help clients gain insights from data.

More information: housingtrends.forecon.com

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