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I obviously don't know when financials will be out.
I thought today, bu I didn't keep the source of where I read it, so I'm not so sure anymore.
I do know the accounting firm Ernst & Young is supposed to do them and is being paid 30,000.00 for the service. Maybe they ran into some problems.
have financials come out yet or is it next thurs? thx
Court Approves Suit Against First Lien Holders
The 'Fraudulent Conveyance' suit is going forward by order of the BK Court. The Committee of Unsecured Creditors is prosecuting it rather than the Debtors in Possession because of apparent conflict of interest between TOUSA and Citibank. TOUSA and the First Lien group have just been too close and Tousa appears to have given unusual preferences to the first lien group. Thus the Official Committee of Unsecured Creditors sought and won the right to prosecute this suit by order published today.
If the committee of unsecured creditors wins, then according to an Oliver Wendel Holmes opinion, all of the bankruptcy estate will benefit including the debtors. The benefit as I see it would be about half a billion dollars minimum. If the financing forced on all the companies last year was fraudulent to any of them then it was fraudulet to all. There is no usual offset for value received, thanks to Oliver.
I'm thinking that the first lien holder, Citibank, should probably immediately buy this out of bankruptcy by buying all other parties out. A settlement should be done before this progresses much further if they want to protect their shareholders. They should at least make a SEC filing showing the potential liability in their Tousa financing.
Things are going just swimmingly....
0.17 X 0.185
Last 0.185 5000 shares at 15:51
Just had to report the bid/ask as it may look really good or really bad tomorrow.
Daffy Duff
.20 would be nice.
The rise to .18 today from a low of .165 and the high volume so far could be a good indicator of what is to come after financials are reported today after 4:00 ET.
Maybe somebody knows something about what to expect.
Does it come out today? If it does, I think we should see .20+ because I don't think it will be all that bad. Now that John Boken is president, I am hoping that the TOUSA recovery will be so good that current common shareholders will get shares of the new stock at a 1 for 1 basis. I might be dreaming here but that would be awesome!
Chart from online broker td shows a 50,000 share order traded at 10:15 ET. However on the volume chart for td, it shows 5,050,000 shares volume, indicating that additionally, a bid or ask entry was made for 5 million shares which did NOT fill according to the last sale list.
My point is simply to acknowledge that there are some very large positions being sought or disposed of in this stock. If those large orders are bids, then that is good for us. If sells, then not so good. Unfortunately, I can't tell.
What's Gonna Happen?
When the 2007 financials come out today after closing?
Will the pps go down or up tomorrow when the market opens?
I like having the uncertainty cleared up. But I don't like negative book value being officially verified by audited financials. So I think it is a toss up and share price will remain static.
0.17 X 0.18 is current bid/ask and I expect a range within 2 pennies tomorrow at this time.
John R. Boken to Become Chief Executive Officer and President of TOUSA, Inc.
http://tech.einnews.com/article.php?nid=5462
More good news.
Thanks!
>I like very much your posts.
I've been completely honest and it is not just the usual empty pipe dream postings you see so often. However, because of that, I now have some warnings about this Friday's potential to see a temporary drop in pps of tousq.pk.
Until last week, there has been no official reports showing anything but net postive book value for the company. On filing Chapter 11, the positive value was initially set at 400 million and later scaled back to 100 million. Then the monthly operating report for April came out last week and gave the first official notice that I've seen that book value is negative. Still, monthly reports about asset values are not audited and not official. They are mainly to show cash flow of the debtor in possession and only incidentally show balance sheet values, I believe.
On Thursday, after closing, the SEC annual report for 2007 will be out and it will most likely show a negative book value for the company of about 400 million. Don't fret. It is temporary and will swing back positive for 2008. In fact, Calpine was about 4 billion negative book value and traded for up to $4 per share while that negative.
The 16 cent shares bought today will someday soon sell for $4 easily, but expect them to sell for less than 16 maybe Friday and even later, after this weeks annual report is released IMO. We will see.
If the second lien group is successful in setting aside the 'fraudulent conveyance' transactions of the first lien group, then you can add at least 700 million to book value. I'm guessing the odds are not good that it will happen but no one really knows. If it does and assuming negative 400 current book and a positive 700 debt set aside, you have 300 million positive equaling about a plus $5 per share addition to the pps.
So much for the numbers, what I want to know is what is being said at the first lien holders private meetings about this possible fraudulent conveyance lawsuit and shouldn't they be changing their books to recognize the possibility of a 700 million loss on this loan? I believe it is a serious contingency and should be reported to their shareholders.
Thank you very much Duffau :) So that's why apparently there is no movement...
I like very much your posts. They are very informative and what you say about the good potential of TOUSA makes perfectly sense.
Of course, no one likes to be in C11, but considering the situation, we really have many things in our favor. When the market recovers TOUSA will do naturally very, very well. Give time to TOUSA and John R. Boken to make money and pay the debtors in full! Or could be that someone will see the potential of this company before that and will want to invest big or buy our company.
We need all the time we can get! Time is our best ally! Hopefully we will recover.
Regards,
Stalemate.
0.16 X 0.17
The buyers don't want to pay the asking price and the sellers don't want to sell for the bidding price.
And when they do agree on a price, the amount of shares in the trade is a fraction of the amount the buyer wants.
Right now, there is a buy order for 60,000 shares and the seller only had 600 for sale at that price.
There have been 4 trades today totaling 15,600 shares after nearly 2 hours. Looks like a very lite day.
Anyone knows why TOUSQ.PK is not trading since day 23 May ?????? What is happening with this company !!??
April Sales Exceed Expectations
"The 4.89 million sales figure came in slightly ahead of the 4.85 million annual pace of home sales that was expected by economists surveyed by Briefing.com."
http://biz.yahoo.com/cnnm/080523/052308_existing_home_sales.html?.v=4
"Existing Home Sales Fall Less Than Analysts Had Predicted"
http://www.mortgagenewsdaily.com/5232008_Existing_Home_Sales.asp
My glass is half full.
1200 homes sold Since Feb 1, 2008.
Did they sell all those homes at a profit?
Of course not. Most were started last year when things were really bad. They are just trying to get them off the books and raise some needed cash. Every sale is important at this early part of the Chapter 11. Even those sold at a loss.
Those new homes that are being contracted for now are going to be profitable. Not much profit right now, I'm sure, but it keeps the workers happy and all the direct costs covered. Eventually the margins should improve substantially. That's why the business plan projects positive stockholder equity in 2011. That shareholder equity exists in the plan, means everyone else will be paid in full with cash or new exit financing, and there will be shareholder equity for us. The Greeks who own this company will get most or all of their company back.
Call me crazy, but I believe there is some data on my online brokers chart that could be very enlightening, given that I do NOT get level 2 quotes on tous.pk.
In the daily volume part of my chart today, I show volume levels as follows:
12:09 order placed for 2 million shares, but only 4000 were traded.
12:58 order placed for 505,000 but only 5,000 traded.
Theres more, one for every order reported today and few of them were placed in the quantity ordered. Only 3 out of 9 so far were same, in fact.
Strange stuff I know, so lock me up.
Anyway, the pinksheets are not like trading nasdaq and the failure of orders to fill quickly is scary sometimes.
Financials Next Thursday after hours.
In the long term, it doesn't make much difference since the company is going to be building new homes for a very long time while under Ch 11. But I expect some movement on Friday week because of the financials. I just don't know whether up or down. Since the last financials showed positive shareholder equity, the next financials will likely show negative equity so I suspect the pps will drop on Friday, but nobody knows. I expect future statements will be more positive so that shareholder equity will definitely be positive by this time next year and more so the year after that.
Rulings by the court are due and much more important than historical statements and thus may affect the pps before Friday. I expect those rulings to be positive to the DIP.
The fraudulent conveyance adversary proceeding could be significant as it could possible set aside all the first lien holder debt. If I was them, I think I'd increase my stake in Tousa and buy it out of bankruptcy rather than take that chance.
I just want everything to stabilize so that other buyers such as Falcone Group can see the potential in this company and make an offer which would take this out of bankruptcy and give the shareholders something.
Those 23.88 calpine warrants are coming in the money next week, probably.
It will be fun watching that.
i just caught calpine fyi at 20+, im hopeing that tous goes to 3-5 before .001 thanks at that price i could buy all the outstanding.
TDameritrade charts show funny stuff with huge volumes.
Today, I noticed the chart said that an order had been placed for 1.515 million shares. I watched last sale to see if it would show up and it never did in the full amount, although it did show up as a 15,000 share order. Same thing happened several times last week when tous.pk was trading at .22
My guess is that the partial fills first show up on the chart for the full amount of the order and then when the buyer withdraws the remaining part of the order, the large volume disappears and only shows what was filled.
That would make sense for the pinksheet stocks as they are somewhat disassociated from electronic trading. But I'd have to have access to a pinksheet level II to verify what I'm seeing and I don't.
The only way I can see this stock to go to zero is for the the company to be shut down for some wierd reason and then all assets sold off at a firesale. And I just don't see any possibility of that happening. We have highly paid professionals saying the company is worth over 2.2 billion with possibly up to 2.1 billion of debt. And they go to jail if they are lying.
So even if the worst were to happen we still have stock worth at least a buck a share in a liquidation. That's 60 million and the initial filing said they had 400 million equity later modified to only 100 million. And that's valuing the company as an ongoing concern at zero, just assets in a firesale.
No, I have no idea why no one sees value in the shareholders equity. I've looked everywhere for a clue and found nothing. I just don't get it!
In one of the filings, the amount of positive shareholder equity in 2011 under the business plan was presented to the court as an argument as to why the creditors are fully protected and the court redacted that number from the published document. So the business plan thinks that positive equity will be there in 2011 and that's assuming the same crummy real estate environment we have now. What if thing are turning around and the real estate market continues to improve as it did in the last two month?
The court is deciding some key issues today and then financials will be out next week. I expect the court will be generous to the DIP and I expect the financials to show for the first time in this case, that the shareholder equity is in fact below zero -AS MEASURED IN THIS CRUMMY REAL ESTATE ENVIRONMENT. My guess is the Assets will be 1.9 billion and the total liability will be 2.2 billion. But that valuation can change drastically within 6 months. The inventory value can double in a year if the current trend of 2 months continues for 12 months. Then the shareholder equity or net value of assets - liabilities will be positive by about 4 buck a share.
John R. Boken is gonna make me rich!
Daff. You are one of the main supporters of this company. Since it added Q, it has gone down approximately .04.
I appreciate what you are writing here, we can only assume it is true. Any opinion, besides it is worth 8-20 per share? Why else would it have not gone up more yet?
Official Committee of Unsecured Creditors is going forward with suing the First Lien Group.
They are opposing the paydown of 175 million to them because they think that while it will reduce monthly interest by 1.3 million per month, it will be difficult to assure that they get the paydown back when they win their fraudulent conveyance suit.
A funny quirk in the law per a Justice Oliver Wendel Holmes opinion, says that if the committee wins the lawsuit, then the debtors estate gets ALL of the value of the fraudulent conveyance back which I think is about 700 million.
So add 700 million to the value of the estate and you get about 11.67 per share BOOK VALUE that is added to whatever you think this 2 billion dollar asset company is worth as a going concern.
The hearings on how to handle the 175 million paydown are going on today. The lawsuit on fraudulent conveyance will probably take about a year.
Duff
If they decide to issue new shares in a new company, then it will hit .0001
I think that someone will take this out of bankruptcy before that happens. There is serious talk of a possible win of the suit against the first lien holders for requiring fraudulent conveyances to protect them. Also a potential buyer could take this out of bankruptcy by assuring all that they will be paid in full.
I have a buy in at .14 but hope it doesn't fill.
John R. Boken is gonna make me rich.
Yea right...lol! There is NO WAY this stock will trade at .0001 I don't think this will even hit .07 again.
Wait til after the financials and if they are bad, then .07 will be hugely overpriced. Try .0001
if i can close another positive position i may buy more at .07
Financials on 5/29/2008 after close
per
Wall Street Horizon
TOUSA Inc (TOUS.PK)Expected next earnings release:
Announcement date: 5/29/2008 - After Market
Earnings Quarter: Q4
Announcement Status: Unconfirmed
TOUSQ.PK
New symbol showing bankruptcy 'Q' at end.
This should drive down the price temporarily.
I've got in an order to add more shares at .14
April Sales Rocked! Great News!
The new operations report for April is out.
tousq did NOT show up on pinksheets.com yet.
Hope they do change it, though. Kind of deceptive advertising to not have a Q on the end.
John R. Boken is gonna make me rich.
I am pretty successful partly because I look to the past to predict the future! Didn't you ever hear that history always repeats itself and those that make the same mistakes of the past are doomed to fail? Anyway that reply is typical for denouncing facts! By the way I see tous on the list today with a Q
Oh, I forgot to add that the 175 mil payment reduces the debt about 10% and the monthly interest payment over a million dollars a month.
I love John R. Boken
Our Board of Directorys of Tousa met yesterday and approved the agreement to continue building and selling homes and using the Cash Collateral thru November. Revenue will continue at the rate of about 90 million a month. 1200 homes have been built out and sold since Jan 29 and we will continue at that rate thru November. Only thing is that the First Lien guys want to take 175 million out of our petty cash fund right now, so we agreed to let them do that. Damn, there goes the cuban cigars and lap dances....
But the lenders are leaving over 100 million of their funds in the kitty for general business expenses and not letting anyone use the funds to sue them. Pretty stingy of them but if that's what they want.
John R. Boken is gonna make me rich. He's the bloke running this show right now.
Financials Due
I'm a little worried about what will happen when the financials come out later this week. According to the docs, there will be financials.
If the balance sheet shows negative equity, will the pps drop from the .21 ???
If the balance sheet shows positive equity, will it rise?
I have to rely on my belief that this is a long term investment that will exit Ch 11 with a positive outlook in a rising economy with a recovering real estate market.
So I won't panic if the bal sheet is negative or if the pps falls back to 7 cents.
I'll just hunker down and wait.
Tousa will pay 175 million to first lien creditors.
The parties agreed reluctantly to the paydown and it should happen next week when the order extending the use of the collateral is approved.
Since that is debt that will NOT be exchanged for equity, then I believe my pps of tous.pk stock's true value just went up by $2.91 per share.
But I would have preferred to use all the excess cash being generated to buy other stressed out properties.
They worked out a cash flow plan thru November, 2008, so that is a good indicator that we will be here for awhile unless someone buys out or merges with Tousa before then.
Things are going just SWIMMINGLY.
Why are the Insiders accumulating so many shares?
Daffy Duff
April 2007 figures???
Why use 13 month old figures to compare to current figures when you have much more current data available - LIKE LAST MONTH? That's silly.
Let me be the first to warn you that you will be the very LAST to know when a market has bottomed or peaked.
You should use more current data when you have it and you will be much more successful.
How do you think the falcone group will change that as there is NO interest posted anywhere other than your own speculation
It may be the biggest gain in 2 years BUT it is still 30.6% less than April 2007 figures
EPS 1.10 2nd Qtr 2006.
Just to get an idea what this company is capable of.
Home sales for the 2nd quarter were 641 million or about 2.5 billion per year.
Today, it is much the same company it was then. It had more inventory - 2.2 billion and was not in BK, but maybe the falcone group will change that real soon now. Maybe next month.
HOUSING STARTS UP 8.2%, BIGGEST GAIN IN 2 YEARS
"WASHINGTON — Construction of new homes posted the biggest increase in more than two years in April and applications for new building permits turned up for the first time in five months, a rare bit of good news in what has been the worst downturn in housing in more than two decades."
http://www.usatoday.com/money/economy/housing/2008-05-16-housing-starts-gain_N.htm
Folk, this is absolutely wonderful news, no matter how you slice it.
In April 2007, they were also at $4 per share...
Your right that it does matter....I just ignored it since I know that TOUSA is doing really well right now.
Well if it really doesn't matter then why would it have been brought up in the first place?
mmmm
And yes it really does matter anyway!
This really doesn't matter since TOUSA is doing quite well right now despite all the problems in the real estate market. TOUSA has more money and is selling more homes than it did when it filed BK. John R. Boken is in charge of turning TOUSA around and he is doing an outstanding job! He was recently awarded the Mega company turnaround of the year when he was in charge of turning around NRG Energy, Inc.
http://www.turnaround.org/Newsroom/Releases.aspx?ObjectId=3666&Mode=
In fact I read an article within the last 2 weeks concerning the housing debacle and how it is just the beginning and I believe it was from Goldman Sachs. When I get some time I will see if I can dig it up again.
Actually it doesn't look that great at all!!! You should have posted all of the information in it's entirety, that way it would not appear that you were attempting to be deceptive. Below is the whole report you failed to mention. Although they are 8.2% above the March 2008 estimates they are 30.6 percent below April 2007 figures!!! Housing is in bad shape and things are just beginning.
FOR IMMEDIATE RELEASE FRIDAY, MAY 16, 2008 AT 8:30 A.M. EDT
CB08-80
Erica Filipek or Raemeka Mayo
Manufacturing and Construction Division
(301) 763-5160
NEW RESIDENTIAL CONSTRUCTION IN APRIL 2008
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential
construction statistics for April 2008:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in April were at a seasonally adjusted annual rate of 978,000.
This is 4.9 percent (±1.2%) above the revised March rate of 932,000, but is 34.3 percent (±1.4%) below the revised April 2007 estimate
of 1,489,000.
Single-family authorizations in April were at a rate of 646,000; this is 4.0 percent (±1.4%) above the March figure of 621,000.
Authorizations of units in buildings with five units or more were at a rate of 294,000 in April.
HOUSING STARTS
Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,032,000. This is 8.2 percent (±14.5%)* above the
revised March estimate of 954,000, but is 30.6 percent (±6.7%) below the revised April 2007 rate of 1,487,000.
Single-family housing starts in April were at a rate of 692,000; this is 1.7 percent (±11.7%)* below the March figure of 704,000. The
April rate for units in buildings with five units or more was 326,000.
HOUSING COMPLETIONS
Privately-owned housing completions in April were at a seasonally adjusted annual rate of 1,000,000. This is 16.0 percent (±8.4%)
below the revised March estimate of 1,190,000 and is 34.9 percent (±5.9%) below the revised April 2007 rate of 1,535,000.
Single-family housing completions in April were at a rate of 792,000; this is 13.0 percent (±8.9%) below the March figure of 910,000.
The April rate for units in buildings with five units or more was 181,000.
New Residential Construction data for May 2008 will be released on Tuesday, June 17, 2008, at 8:30 A.M. EDT.
Our Internet site is: http://www.census.gov/newresconst
EXPLANATORY NOTES
* 90% confidence interval includes zero. The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero.
http://www.census.gov/newresconst
In interpreting changes in the statistics in this release, note that month-to-month changes in seasonally adjusted statistics often show movements which may be irregular. It
may take 3 months to establish an underlying trend for building permit authorizations, 4 months for total starts, and 6 months for total completions. The statistics in this
release are estimated from sample surveys and are subject to sampling variability as well as nonsampling error including bias and variance from response, nonreporting, and
undercoverage. Estimated relative standard errors of the most recent data are shown in the tables. Whenever a statement such as “2.5 percent (±3.2%) above” appears in
the text, this indicates the range (-0.7 to +5.7 percent) in which the actual percent change is likely to have occurred. All ranges given for percent changes are 90-percent
confidence intervals and account only for sampling variability. If a range does not contain zero, the change is statistically significant. If it does contain zero, the change is
not statistically significant; that is, it is uncertain whether there was an increase or decrease. The same policies apply to the confidence intervals for percent changes shown
in the tables. On average, the preliminary seasonally adjusted estimates of total building permits, housing starts and housing completions are revised about one percent.
Explanations of confidence intervals and sampling variability can be found on our web site listed above.
Unadjusted estimates of housing units authorized by building permits for January through December 2007 have been revised.
Also, seasonally adjusted estimates of housing units authorized by building permits, started, under construction and completed
for January 2006 through March 2008 have been revised.
Table 1. New Privately-Owned Housing Units Authorized in Permit-Issuing Places
[Thousands of units. Detail may not add to total because of rounding]
2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2006:r January 2,212 1,689 101 422 211 128 350 265 1,090 862 561 434
February 2,141 1,643 85 413 205 125 354 265 1,030 839 552 414
March 2,118 1,551 83 484 211 120 323 242 1,070 810 514 379
April 1,998 1,496 78 424 184 115 283 228 1,017 768 514 385
May 1,905 1,450 81 374 167 100 288 222 953 766 497 362
June 1,867 1,393 72 402 172 101 286 206 929 727 480 359
July 1,763 1,307 78 378 172 97 277 204 898 696 416 310
August 1,722 1,282 77 363 166 97 272 194 871 680 413 311
September 1,655 1,218 72 365 164 94 248 186 837 646 406 292
October 1,570 1,175 69 326 152 95 238 181 808 630 372 269
November 1,535 1,163 58 314 147 90 234 172 801 627 353 274
December 1,638 1,198 72 368 172 94 246 179 831 648 389 277
2007:r January 1,585 1,138 74 373 186 99 261 172 760 583 378 284
February 1,580 1,118 73 389 142 80 207 151 817 602 414 285
March 1,578 1,135 72 371 163 90 238 174 768 580 409 291
April 1,489 1,078 61 350 162 89 226 167 735 557 366 265
May 1,522 1,063 64 395 148 87 230 170 775 549 369 257
June 1,433 1,016 56 361 155 87 223 165 718 516 337 248
July 1,386 997 57 332 155 85 208 154 686 513 337 245
August 1,343 928 55 360 147 86 197 150 640 476 359 216
September 1,277 870 50 357 138 79 205 145 636 457 298 189
October 1,182 811 48 323 145 76 185 133 554 415 298 187
November 1,187 767 53 367 126 70 192 131 594 406 275 160
December 1,111 714 56 341 134 71 166 116 560 378 251 149
2008: Januaryr 1,052 675 43 334 126 68 180 112 539 365 207 130
Februaryr 981 646 40 295 105 66 130 97 504 350 242 133
Marchr 932 621 37 274 111 60 126 93 502 340 193 128
Aprilp 978 646 38 294 109 60 160 110 493 344 216 132
Average RSE (%)1 1 1 4 2 3 3 3 4 1 1 1 2
Percent Change:
April 2008 from March 2008 4.9% 4.0% 2.7% 7.3% -1.8% 0.0% 27.0% 18.3% -1.8% 1.2% 11.9% 3.1%
90% Confidence Interval 2 ± 1.2 ± 1.4 ± 2.5 ± 1.9 ± 1.9 ± 2.5 ± 4.7 ± 5.5 ± 2.0 ± 2.3 ± 2.1 ± 2.6
April 2008 from April 2007 -34.3% -40.1% -37.7% -16.0% -32.7% -32.6% -29.2% -34.1% -32.9% -38.2% -41.0% -50.2%
90% Confidence Interval 2 ± 1.4 ± 1.1 ± 3.4 ± 3.7 ± 6.4 ± 8.4 ± 5.0 ± 5.9 ± 1.6 ± 1.9 ± 1.2 ± 1.5
See footnotes at end of table.
Seasonally adjusted annual rate
Period In structures with --
United States Northeast Midwest South West
Table 1. New Privately-Owned Housing Units Authorized in Permit-Issuing Places - Con.
[Thousands of units. Detail may not add to total because of rounding]
2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2006 1,838.9 1,378.2 76.6 384.1 174.6 103.4 279.4 209.3 929.7 726.2 455.2 339.3
2007r 1,398.4 979.9 59.6 359.0 150.6 83.7 211.7 153.8 692.2 507.5 343.9 234.9
RSE (%) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X) (X)
2007: First 4 months3 493.7 361.2 21.2 111.3 48.0 26.6 67.8 49.5 252.6 193.2 125.3 91.8
2008: First 4 months3 319.9 211.6 12.0 96.3 32.9 18.4 44.1 30.1 173.7 119.7 69.2 43.4
RSE (%) 1 1 3 (Z) 3 4 2 2 1 1 1 1
Year to Date Percent Change 4 -35.2% -41.4% -43.4% -13.5% -31.5% -30.8% -34.9% -39.2% -31.3% -38.0% -44.8% -52.8%
90% Confidence Interval 2 ± 0.9 ± 1.1 ± 3.0 ± 1.1 ± 5.3 ± 7.1 ± 2.8 ± 3.4 ± 0.7 ± 0.8 ± 1.0 ± 1.3
2006: January 152.6 114.3 6.6 31.7 12.6 7.6 18.5 13.3 83.7 64.3 37.8 29.0
February 151.0 115.6 5.7 29.7 11.9 6.9 20.7 14.5 78.2 64.5 40.3 29.7
March 194.2 146.7 7.5 40.0 17.2 10.4 27.3 21.3 101.6 78.5 48.1 36.6
April 168.6 130.8 6.3 31.5 15.6 10.0 25.4 21.2 85.0 65.9 42.6 33.7
May 184.4 144.5 7.8 32.1 16.5 10.4 29.7 23.7 89.8 73.5 48.4 36.9
June 184.2 139.3 7.0 38.0 17.7 10.5 28.5 21.4 89.6 70.7 48.5 36.7
July 148.0 111.6 6.7 29.7 15.8 8.8 24.6 18.5 73.2 57.6 34.4 26.7
August 161.2 121.5 7.4 32.3 16.0 9.5 27.3 19.3 80.1 63.6 37.8 29.1
September 136.6 97.7 6.0 32.8 13.9 8.0 22.2 16.3 65.7 50.2 34.7 23.2
October 133.1 98.0 6.0 29.1 13.6 8.7 22.7 17.2 66.2 50.7 30.6 21.4
November 111.4 82.2 4.6 24.6 11.7 6.6 17.8 12.9 56.7 43.8 25.3 18.8
December 113.6 76.0 5.0 32.6 12.1 6.0 14.7 9.6 59.9 42.8 26.9 17.6
2007:r January 114.1 80.3 5.0 28.8 12.0 6.1 14.5 9.0 60.0 45.0 27.5 20.2
February 112.1 79.4 4.9 27.9 8.2 4.4 12.1 8.1 61.6 46.4 30.2 20.5
March 139.4 103.4 6.3 29.8 12.8 7.4 19.4 14.7 70.8 54.5 36.5 26.8
April 130.9 98.6 5.2 27.2 14.4 8.3 20.9 16.2 64.1 49.8 31.6 24.2
May 146.0 106.6 6.1 33.3 14.1 9.0 23.7 18.3 73.1 53.1 35.1 26.2
June 135.6 97.2 5.2 33.3 15.5 8.4 21.5 16.4 65.6 47.9 33.0 24.4
July 122.5 89.8 5.2 27.5 14.5 8.3 19.9 14.8 59.3 44.8 28.8 21.9
August 126.0 87.5 5.2 33.3 14.3 8.4 19.0 14.7 59.1 44.3 33.5 20.1
September 100.5 66.6 3.9 30.0 11.2 6.4 17.7 12.2 47.8 33.7 23.8 14.3
October 103.8 70.7 4.3 28.8 13.7 7.2 18.0 13.2 45.9 34.5 26.2 15.9
November 89.5 54.7 4.3 30.5 10.1 5.2 14.9 9.9 44.3 28.8 20.2 10.8
December 77.8 45.2 4.0 28.7 9.8 4.6 10.0 6.2 40.4 24.9 17.6 9.6
2008: January 75.9 47.5 2.8 25.6 8.0 4.2 10.1 5.9 43.0 28.2 14.8 9.2
February 73.4 47.5 2.8 23.0 6.4 3.8 7.9 5.3 40.3 28.5 18.8 9.9
Marchr 77.4 53.6 3.0 20.8 8.4 4.7 9.9 7.5 43.2 30.2 15.9 11.2
Aprilp 89.0 62.3 3.3 23.4 9.8 5.7 16.0 11.5 43.7 32.4 19.5 12.8
Average RSE (%)1 1 1 4 2 3 3 3 4 1 1 1 2
pPreliminary. rRevised. RSE Relative standard error. S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards.
X Not applicable. Z Relative standard error is less than 0.5 percent.
1Average RSE for the latest 6-month period. 2 See the Explanatory Notes in the accompanying text for an explanation of 90% confidence intervals
3Reflects revisions not distributed to months. 4 Computed using unrounded data.
Not seasonally adjusted
Period In structures with --
United States Northeast Midwest South West
Table 2. New Privately-Owned Housing Units Authorized, but Not Started, at End of Period
[Not seasonally adjusted. Thousands of units. Detail may not add to total because of rounding]
2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2006: January 215.7 156.9 9.9 48.8 27.4 13.3 28.6 20.8 104.6 82.1 55.2 40.7
February 214.9 152.6 9.9 52.4 27.3 14.8 30.3 20.2 105.4 81.7 51.9 36.0
March 234.1 167.6 10.5 56.0 30.8 17.0 34.8 26.1 112.0 84.7 56.5 39.8
April 235.6 169.7 9.3 56.6 29.0 16.2 31.3 23.6 114.9 88.0 60.5 41.9
May 231.1 165.7 8.6 56.8 27.2 15.0 31.9 23.5 113.3 86.8 58.7 40.3
June 238.6 169.8 11.4 57.4 23.1 15.4 29.8 20.4 122.4 91.3 63.3 42.7
July 217.4 150.7 7.8 58.9 23.4 15.6 25.3 17.1 112.1 81.0 56.7 37.1
August 229.7 157.4 7.9 64.4 23.6 14.9 27.4 17.5 123.0 87.7 55.6 37.2
September 205.1 136.9 8.2 60.1 23.7 13.4 23.5 15.3 102.7 72.9 55.2 35.2
October 201.5 136.9 7.1 57.5 24.8 15.0 22.3 14.2 104.5 74.3 50.0 33.4
November 194.3 129.9 7.5 56.9 23.9 13.4 22.4 13.3 98.9 71.3 49.1 31.8
December 189.9 126.2 6.5 57.3 23.0 12.2 20.8 12.7 99.9 72.4 46.2 28.8
2007: January 199.8 131.4 7.9 60.5 23.0 12.2 24.6 13.6 103.0 71.9 49.3 33.7
February 201.6 130.3 7.1 64.3 22.3 12.0 27.0 14.7 102.5 71.0 49.8 32.5
March 215.7 138.0 9.0 68.7 25.7 13.1 29.6 16.3 105.6 72.8 54.8 35.8
April 206.9 132.0 9.2 65.7 24.9 13.6 30.6 16.7 100.7 67.0 50.7 34.7
May 213.6 131.8 7.4 74.4 23.0 13.4 28.1 14.7 110.4 68.5 52.1 35.2
June 208.5 125.5 7.9 75.1 22.8 11.7 25.9 12.4 108.1 66.7 51.7 34.7
July 196.6 115.3 8.4 72.9 22.4 10.7 22.6 11.1 105.9 63.4 45.7 30.1
August 195.7 119.4 7.3 69.0 25.7 12.4 19.5 11.2 101.0 63.7 49.5 32.2
September 190.1 113.1 6.7 70.3 22.5 12.3 20.9 11.8 97.9 59.3 48.9 29.7
October 177.7 107.2 5.8 64.7 20.7 10.9 19.4 8.9 88.1 57.3 49.5 30.0
November 175.2 107.0 5.0 63.2 19.6 10.6 18.2 9.3 87.7 57.7 49.7 29.5
December 178.3 103.2 5.9 69.3 20.8 10.3 19.6 9.4 87.4 53.9 50.5 29.6
2008: January 182.0 105.3 6.0 70.7 20.7 9.7 21.1 10.3 91.3 55.0 48.9 30.3
Februaryr 176.7 104.9 6.4 65.3 19.6 9.8 20.1 10.4 87.9 55.6 49.1 29.1
Marchr 170.7 99.9 5.8 65.0 18.9 10.0 20.0 10.3 86.8 52.5 45.0 27.1
Aprilp 165.5 98.9 5.3 61.3 20.0 9.6 20.8 11.6 84.5 53.1 40.2 24.6
Average RSE (%)1 5 8 13 8 10 17 10 10 9 10 10 15
Percent Change: 2
April 2008 from March 2008 -3.0% -1.0% -8.6% -5.7% 5.6% -3.8% 4.0% 12.8% -2.6% 1.2% -10.6% -9.3%
90% Confidence Interval 3 ± 3.6 ± 4.1 ± 10.9 ± 6.9 ± 7.6 ± 12.7 ± 7.1 ± 12.2 ± 4.8 ± 6.3 ± 7.2 ± 3.9
April 2008 from April 2007 -20.0% -25.1% -42.0% -6.7% -19.7% -29.4% -32.1% -30.3% -16.1% -20.7% -20.6% -29.2%
90% Confidence Interval 3 ± 5.3 ± 6.0 ± 21.7 ± 15.0 ± 8.0 ± 13.4 ± 13.0 ± 12.0 ± 10.4 ± 9.3 ± 11.7 ± 12.0
pPreliminary. rRevised. RSE Relative Standard Error.
1Average RSE for the latest 6-month period. 2 Computed using unrounded data.
3 See the Explanatory Notes in the accompanying text for an explanation of 90% confidence intervals.
Note: These data represent the number of housing units authorized in all months up to and including the last day of the reporting period and not started as of that date without regard to the
months of original permit issuance. Cancelled, abandoned, expired, and revoked permits are excluded.
Period
South West
In structures with --
United States Northeast Midwest
Table 3. New Privately-Owned Housing Units Started
[Thousands of units. Detail may not add to total because of rounding]
2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2006:r January 2,273 1,823 (S) 423 224 158 370 333 1,146 912 533 420
February 2,119 1,804 (S) 280 189 149 329 302 1,033 879 568 474
March 1,969 1,601 (S) 331 169 130 296 238 1,017 845 487 388
April 1,821 1,511 (S) 254 180 134 341 287 873 722 427 368
May 1,942 1,570 (S) 320 193 131 288 246 954 799 507 394
June 1,802 1,451 (S) 307 166 91 288 249 902 760 446 351
July 1,737 1,424 (S) 230 150 106 291 239 876 751 420 328
August 1,650 1,364 (S) 246 160 121 248 200 842 723 400 320
September 1,720 1,384 (S) 306 142 104 268 214 931 751 379 315
October 1,491 1,212 (S) 242 144 104 228 192 735 616 384 300
November 1,570 1,290 (S) 261 151 113 228 195 833 689 358 293
December 1,649 1,249 (S) 350 176 107 234 186 802 629 437 327
2007:r January 1,382 1,106 (S) 254 173 112 190 177 693 584 326 233
February 1,486 1,188 (S) 268 138 94 163 144 798 650 387 300
March 1,492 1,196 (S) 259 132 93 232 199 754 616 374 288
April 1,487 1,198 (S) 253 163 104 207 177 732 617 385 300
May 1,436 1,146 (S) 256 165 107 246 194 699 578 326 267
June 1,458 1,136 (S) 284 155 107 234 197 719 555 350 277
July 1,371 1,055 (S) 276 154 94 239 177 644 525 334 259
August 1,337 968 (S) 332 98 75 240 171 696 507 303 215
September 1,185 936 (S) 220 143 77 170 150 597 492 275 217
October 1,275 884 (S) 351 161 96 204 170 629 433 281 185
November 1,179 816 (S) 342 128 82 209 139 587 422 255 173
December 1,000 779 (S) 211 101 74 137 120 549 435 213 150
2008: Januaryr 1,064 750 (S) 287 137 103 156 119 531 403 240 125
Februaryr 1,107 722 (S) 356 129 67 154 110 577 376 247 169
Marchr 954 704 (S) 232 102 69 127 101 498 377 227 157
Aprilp 1,032 692 (S) 326 89 64 158 106 516 352 269 170
Average RSE (%)1 5 4 (X) 11 14 16 13 11 6 6 9 8
Percent Change:
April 2008 from March 2008 8.2% -1.7% (S) 40.5% -12.7% -7.2% 24.4% 5.0% 3.6% -6.6% 18.5% 8.3%
90% Confidence Interval 2 ± 14.5 ± 11.7 (X) ± 45.9 ± 31.4 ± 37.5 ± 33.1 ± 23.9 ± 17.2 ± 15.2 ± 35.9 ± 19.8
April 2008 from April 2007 -30.6% -42.2% (S) 28.9% -45.4% -38.5% -23.7% -40.1% -29.5% -42.9% -30.1% -43.3%
90% Confidence Interval 2 ± 6.7 ± 4.8 (X) ± 33.1 ± 15.8 ± 21.8 ± 14.4 ± 11.6 ± 9.8 ± 7.5 ± 14.6 ± 6.5
See footnotes at end of table.
Seasonally adjusted annual rate
South West
Period
United States Northeast Midwest
In structures with --
Table 3. New Privately-Owned Housing Units Started - Con.
[Thousands of units. Detail may not add to total because of rounding]
2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2006 1,800.9 1,465.4 42.7 292.8 167.2 118.0 279.5 235.3 910.3 756.5 443.8 355.6
2007 1,355.0 1,046.0 31.7 277.3 142.9 93.0 210.1 171.1 681.1 539.5 320.9 242.4
RSE (%) 1 1 9 3 3 5 2 2 2 2 2 2
2007: First 4 months 457.4 371.0 9.5 76.9 42.5 27.3 53.3 46.1 246.2 208.2 115.4 89.3
2008: First 4 months 321.0 224.8 6.4 89.8 31.3 20.0 40.8 28.8 172.4 126.6 76.5 49.4
RSE (%) 2 2 15 6 5 6 6 4 3 3 4 3
Year to Date Percent Change 3 -29.8% -39.4% -32.5% 16.7% -26.4% -26.9% -23.5% -37.5% -30.0% -39.2% -33.7% -44.7%
90% Confidence Interval 2 ± 2.7 ± 2.1 ± 22.3 ± 12.4 ± 6.3 ± 7.2 ± 8.7 ± 5.1 ± 3.4 ± 2.8 ± 5.9 ± 5.2
2006: January 153.0 121.0 1.9 30.1 13.3 8.6 18.0 15.4 84.7 68.0 37.0 29.0
February 145.1 123.6 2.4 19.1 10.1 7.4 17.1 15.2 77.7 67.2 40.2 33.9
March 165.9 137.7 2.8 25.4 12.9 9.9 22.4 18.0 89.7 76.5 41.0 33.4
April 160.5 134.8 4.6 21.0 16.0 12.2 30.0 25.5 77.8 65.3 36.7 31.8
May 190.2 158.0 4.5 27.7 18.8 13.4 30.9 27.3 89.6 76.2 50.8 41.1
June 170.2 139.9 3.8 26.4 16.1 9.6 30.1 26.7 81.9 69.7 42.1 33.9
July 160.9 133.1 7.3 20.4 13.7 9.8 27.4 22.8 80.2 69.1 39.6 31.5
August 146.8 120.0 3.7 23.1 15.6 12.0 24.2 19.7 71.4 60.3 35.5 28.1
September 150.1 119.2 2.7 28.2 12.3 8.9 25.1 20.2 80.9 64.3 31.8 25.9
October 130.6 104.0 3.5 23.1 13.3 9.5 22.0 18.5 61.7 50.4 33.7 25.7
November 115.2 91.7 1.6 21.9 12.2 9.0 18.1 15.3 58.8 46.7 26.1 20.7
December 112.4 82.3 3.8 26.3 12.9 7.8 14.3 10.7 55.9 42.8 29.3 21.0
2007: January 95.0 75.4 1.6 18.0 10.5 6.2 9.2 8.3 52.8 45.1 22.4 15.8
February 103.1 82.9 2.0 18.2 7.6 4.6 8.5 7.2 59.8 49.7 27.3 21.4
March 123.8 101.3 2.8 19.6 10.0 7.1 17.1 14.6 65.6 55.1 31.0 24.5
April 135.6 111.4 3.0 21.2 14.4 9.5 18.5 16.0 68.0 58.3 34.7 27.6
May 136.5 111.4 2.9 22.1 16.1 11.1 26.2 21.7 61.8 51.4 32.4 27.3
June 137.8 110.1 3.3 24.4 15.5 11.4 23.9 20.7 66.4 52.3 31.9 25.7
July 127.9 100.1 3.5 24.3 13.8 8.6 23.5 18.1 58.3 47.8 32.3 25.7
August 121.2 86.6 3.5 31.1 9.5 7.4 22.9 16.4 61.5 43.8 27.3 19.0
September 101.5 78.6 2.6 20.3 12.7 6.6 15.6 13.8 50.2 40.6 23.0 17.7
October 115.0 77.4 3.8 33.8 15.0 8.8 20.0 16.8 55.2 36.3 24.7 15.5
November 88.8 58.6 1.8 28.4 10.4 6.5 16.7 10.9 42.5 28.8 19.2 12.4
December 68.9 52.3 0.8 15.9 7.4 5.4 8.0 6.7 38.9 30.3 14.6 9.9
2008: January 70.8 48.5 1.9 20.4 8.2 5.8 8.2 5.5 38.0 28.9 16.5 8.3
Februaryr 78.4 51.9 2.0 24.5 7.6 3.3 8.7 5.7 44.2 30.4 17.9 12.5
Marchr 79.4 60.6 1.3 17.4 7.7 5.2 9.1 7.2 43.8 34.7 18.8 13.5
Aprilp 92.4 63.7 1.2 27.5 7.9 5.7 14.7 10.4 46.4 32.6 23.4 15.0
Average RSE (%)1 5 4 26 11 14 16 13 11 6 6 9 8
pPreliminary. rRevised. RSE Relative standard error. S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards.
X Not applicable.
1Average RSE for the latest 6-month period. 2 See the Explanatory Notes in the accompanying text for an explanation of 90% confidence intervals.
3 Computed using unrounded data.
Not seasonally adjusted
South West
Period
United States Northeast Midwest
In structures with --
Table 4. New Privately-Owned Housing Units Under Construction at End of Period
[Thousands of units. Detail may not add to total because of rounding]
2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2006:r January 1,424 989 (S) 402 177 99 227 175 646 451 374 264
February 1,423 990 (S) 402 178 102 225 174 645 451 375 263
March 1,423 983 (S) 410 176 101 225 173 643 445 379 264
April 1,401 962 (S) 407 173 100 224 172 631 432 373 258
May 1,409 960 (S) 416 174 99 225 170 637 437 373 254
June 1,383 934 (S) 415 173 94 219 165 627 429 364 246
July 1,363 913 (S) 411 170 92 214 158 618 423 361 240
August 1,339 888 (S) 411 169 90 207 149 609 417 354 232
September 1,317 864 (S) 413 165 87 202 144 606 410 344 223
October 1,283 837 (S) 407 164 86 196 138 587 399 336 214
November 1,265 822 (S) 407 163 86 193 134 574 390 335 212
December 1,247 805 (S) 407 164 85 187 131 558 374 338 215
2007:r January 1,217 780 (S) 404 165 84 183 128 539 359 330 209
February 1,206 770 (S) 403 165 82 179 126 531 353 331 209
March 1,192 758 (S) 402 165 81 178 126 522 346 327 205
April 1,184 751 (S) 401 167 82 175 123 513 341 329 205
May 1,164 730 (S) 403 167 81 175 122 502 329 320 198
June 1,163 724 (S) 408 167 81 175 122 499 323 322 198
July 1,144 708 (S) 405 169 82 173 120 484 312 318 194
August 1,125 683 (S) 411 163 77 178 121 475 300 309 185
September 1,110 667 (S) 412 165 74 170 117 471 295 304 181
October 1,096 647 (S) 417 161 71 169 117 465 283 301 176
November 1,077 623 (S) 424 161 70 170 114 455 273 291 166
December 1,055 608 (S) 417 157 68 166 111 448 269 284 160
2008: Januaryr 1,034 590 (S) 416 157 69 165 109 435 260 277 152
Februaryr 1,024 580 (S) 416 159 70 162 105 428 253 275 152
Marchr 1,004 563 (S) 413 158 68 157 101 420 247 269 147
Aprilp 997 549 (S) 422 155 66 155 98 417 240 270 145
Average RSE (%)1 2 3 (X) 3 5 10 5 7 3 4 4 6
Percent Change:
April 2008 from March 2008 -0.7% -2.5% (S) 2.2% -1.9% -2.9% -1.3% -3.0% -0.7% -2.8% 0.4% -1.4%
90% Confidence Interval 2 ± 0.8 ± 1.1 (X) ± 1.5 ± 1.3 ± 2.9 ± 2.1 ± 2.4 ± 1.7 ± 2.1 ± 1.4 ± 1.6
April 2008 from April 2007 -15.8% -26.9% (S) 5.2% -7.2% -19.5% -11.4% -20.3% -18.7% -29.6% -17.9% -29.3%
90% Confidence Interval 2 ± 1.9 ± 2.1 (X) ± 4.2 ± 5.9 ± 7.2 ± 4.7 ± 4.8 ± 3.0 ± 3.2 ± 3.1 ± 3.8
See footnotes at end of table.
Seasonally adjusted
Period In structures with --
United States Northeast Midwest South West
Table 4. New Privately-Owned Housing Units Under Construction at End of Period - Con.
[Thousands of units. Detail may not add to total because of rounding]
2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2006: January 1,369.3 936.7 33.2 399.4 171.9 94.6 217.3 165.5 620.9 426.7 359.2 249.9
February 1,371.2 938.7 30.6 401.9 170.3 94.1 211.3 160.8 625.8 431.9 363.8 251.9
March 1,382.3 943.1 29.6 409.7 170.2 95.3 211.3 159.8 632.6 434.7 368.2 253.3
April 1,384.8 943.9 32.1 408.8 170.6 97.3 214.6 162.6 632.6 432.5 366.9 251.5
May 1,418.1 968.5 33.5 416.1 174.8 99.9 222.4 167.6 644.8 444.4 376.2 256.7
June 1,407.2 958.8 34.2 414.3 174.7 96.2 222.6 169.0 639.9 441.7 370.0 251.9
July 1,406.8 955.3 38.7 412.7 173.7 95.1 222.3 166.0 636.8 441.2 374.0 253.0
August 1,383.7 934.3 39.7 409.7 173.3 94.6 217.2 159.2 625.7 434.9 367.5 245.7
September 1,354.3 902.1 39.6 412.6 168.3 90.6 211.5 153.4 621.2 425.5 353.3 232.5
October 1,313.1 864.4 39.5 409.2 166.9 88.5 205.3 146.7 596.7 407.9 344.2 221.3
November 1,271.8 827.0 36.3 408.5 165.1 87.8 198.3 139.2 571.9 387.2 336.4 212.8
December 1,204.9 764.7 34.9 405.3 162.3 83.7 183.7 127.6 534.3 351.2 324.6 202.2
2007: January 1,172.5 737.3 33.2 402.0 161.5 80.4 175.3 120.8 518.9 339.5 316.9 196.6
February 1,162.6 728.3 32.9 401.4 159.0 76.5 168.7 115.8 514.6 337.1 320.4 198.9
March 1,160.2 726.9 32.4 400.9 159.8 76.4 168.0 116.2 513.7 337.6 318.6 196.8
April 1,171.0 736.3 32.1 402.5 164.9 79.5 167.4 115.6 513.8 340.8 324.9 200.4
May 1,173.8 739.2 30.9 403.7 168.3 82.2 173.5 120.7 508.3 335.0 323.7 201.4
June 1,181.9 743.0 30.6 408.3 169.2 82.9 178.0 125.0 507.7 332.1 327.0 203.1
July 1,178.5 741.5 31.2 405.7 171.6 84.6 180.4 127.6 497.5 325.1 328.9 204.3
August 1,158.5 717.9 31.1 409.5 166.7 80.9 185.9 129.3 487.1 312.7 318.8 195.1
September 1,137.9 695.4 30.8 411.7 168.4 77.6 177.4 124.4 481.0 305.6 311.1 187.8
October 1,119.9 668.1 31.9 419.9 164.4 73.5 177.5 124.8 472.1 289.2 306.0 180.7
November 1,085.2 626.8 30.7 427.7 163.4 71.1 174.0 117.4 455.3 271.8 292.5 166.4
December 1,025.0 579.1 29.6 416.3 155.9 67.0 162.5 107.2 431.6 253.3 274.9 151.6
2008: January 1,002.4 559.2 28.4 414.8 155.0 67.0 158.3 102.1 421.0 246.4 268.1 143.8
Februaryr 989.6 548.1 27.6 414.0 153.4 64.9 152.5 96.1 416.3 242.0 267.4 145.0
Marchr 978.3 538.5 27.9 411.9 154.2 64.5 149.2 93.1 412.4 240.3 262.6 140.7
Aprilp 987.5 538.2 26.5 422.8 153.7 63.9 150.0 93.0 417.5 239.8 266.4 141.5
Average RSE (%)1 2 3 9 3 5 10 5 7 3 4 4 6
pPreliminary. rRevised. RSE Relative standard error. S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards.
X Not applicable.
1Average RSE for the latest 6-month period. 2 See the Explanatory Notes in the accompanying text for an explanation of 90% confidence intervals.
Not seasonally adjusted
Period In structures with --
United States Northeast Midwest South West
Table 5. New Privately-Owned Housing Units Completed
[Thousands of units. Detail may not add to total because of rounding]
2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2006:r January 2,036 1,663 (S) 329 188 129 350 305 981 794 517 435
February 2,048 1,742 (S) 236 206 129 319 294 971 848 552 471
March 2,245 1,911 (S) 286 192 140 380 327 1,140 979 533 465
April 2,071 1,737 (S) 301 233 141 341 294 995 859 502 443
May 1,897 1,609 (S) 254 167 126 309 287 925 769 496 427
June 2,050 1,742 (S) 279 167 139 349 308 991 844 543 451
July 1,934 1,654 (S) 256 176 132 325 310 998 838 435 374
August 1,877 1,614 (S) 237 169 134 326 294 916 777 466 409
September 2,011 1,675 (S) 302 196 133 325 267 979 849 511 426
October 1,918 1,559 (S) 317 158 123 314 271 994 767 452 398
November 1,893 1,525 (S) 302 171 112 287 255 999 798 436 360
December 1,888 1,509 (S) 326 156 115 307 242 978 807 447 345
2007:r January 1,815 1,496 (S) 289 169 141 262 230 955 800 429 325
February 1,624 1,303 (S) 283 143 107 229 187 884 721 368 288
March 1,620 1,310 (S) 271 137 90 247 202 836 696 400 322
April 1,535 1,270 (S) 226 124 79 228 208 816 680 367 303
May 1,549 1,297 (S) 209 139 106 233 197 785 680 392 314
June 1,491 1,229 (S) 229 153 112 227 198 768 639 343 280
July 1,515 1,203 (S) 282 129 83 228 174 785 647 373 299
August 1,498 1,224 (S) 251 149 116 178 156 773 630 398 322
September 1,378 1,101 (S) 246 139 96 245 192 651 539 343 274
October 1,401 1,133 (S) 240 184 135 209 170 696 583 312 245
November 1,404 1,140 (S) 234 124 93 216 193 686 545 378 309
December 1,329 1,026 (S) 287 143 94 194 175 645 498 347 259
2008: Januaryr 1,331 998 (S) 291 125 80 191 169 680 512 335 237
Februaryr 1,251 906 (S) 315 101 67 228 178 682 485 240 176
Marchr 1,190 910 (S) 267 99 81 181 150 615 461 295 218
Aprilp 1,000 792 (S) 181 108 80 153 130 498 413 241 169
Average RSE (%)1 5 5 (X) 13 16 19 12 12 7 7 9 9
Percent Change:
April 2008 from March 2008 -16.0% -13.0% (S) -32.2% 9.1% -1.2% -15.5% -13.3% -19.0% -10.4% -18.3% -22.5%
90% Confidence Interval 2 ± 8.4 ± 8.9 (X) ± 16.2 ± 31.4 ± 36.7 ± 25.1 ± 24.1 ± 12.0 ± 13.5 ± 13.6 ± 16.5
April 2008 from April 2007 -34.9% -37.6% (S) -19.9% -12.9% 1.3% -32.9% -37.5% -39.0% -39.3% -34.3% -44.2%
90% Confidence Interval 2 ± 5.9 ± 6.7 (X) ± 20.0 ± 21.4 ± 28.2 ± 24.2 ± 23.1 ± 8.4 ± 9.7 ± 11.2 ± 10.9
See footnotes at end of table.
Period
United States
In structures with --
Northeast
Seasonally adjusted annual rate
Midwest South West
Table 5. New Privately-Owned Housing Units Completed - Con.
[Thousands of units. Detail may not add to total because of rounding]
2 to 4 5 units
Total 1 unit units or more Total 1 unit Total 1 unit Total 1 unit Total 1 unit
2006 1,979.4 1,654.5 40.8 284.2 179.1 128.3 325.1 285.5 986.7 825.8 488.6 414.9
2007 1,502.8 1,218.4 31.4 253.0 144.8 104.6 222.7 188.6 766.1 631.5 369.3 293.8
RSE (%) 1 1 9 4 6 8 2 2 2 2 3 2
2007: First 4 months 481.5 392.7 10.7 78.1 40.4 28.9 67.7 57.6 258.0 214.6 115.4 91.6
2008: First 4 months 347.1 262.1 8.2 76.8 30.4 21.2 52.5 43.3 182.4 138.5 81.9 59.1
RSE (%) 3 3 15 9 7 9 6 6 5 4 4 4
Year to Date Percent Change 3 -27.9% -33.3% -23.6% -1.6% -24.9% -26.6% -22.5% -24.9% -29.3% -35.4% -29.0% -35.5%
90% Confidence Interval 2 ± 3.5 ± 3.0 ± 23.3 ± 15.9 ± 9.9 ± 11.1 ± 10.4 ± 11.5 ± 5.3 ± 3.9 ± 6.3 ± 5.7
2006: January 142.4 115.1 3.2 24.0 13.3 8.9 23.5 20.2 69.8 56.1 35.8 29.8
February 141.7 120.8 4.8 16.1 14.0 8.7 21.3 19.5 68.5 60.1 38.0 32.5
March 169.2 144.9 3.5 20.8 12.7 9.0 26.1 22.3 87.6 75.9 42.8 37.8
April 160.3 134.0 2.6 23.8 17.2 10.0 26.6 22.9 77.9 67.1 38.6 34.0
May 158.8 133.7 3.0 22.2 13.7 10.1 25.5 23.5 78.0 64.4 41.7 35.6
June 179.6 151.7 2.7 25.2 15.5 13.0 29.3 25.6 86.5 73.2 48.2 39.9
July 163.6 138.7 2.1 22.9 14.8 10.9 27.2 25.9 85.1 70.8 36.6 31.1
August 170.4 142.4 2.8 25.2 16.1 12.3 30.4 26.9 82.1 67.4 41.9 35.8
September 180.9 152.6 2.9 25.4 18.0 12.7 30.5 25.7 86.2 75.3 46.1 39.0
October 172.5 142.4 3.5 26.5 14.4 11.4 29.4 25.7 87.9 69.0 40.8 36.3
November 158.9 131.4 4.9 22.6 14.0 9.6 26.4 24.0 82.6 67.6 35.8 30.1
December 181.1 146.7 4.8 29.5 15.3 11.6 29.0 23.1 94.5 79.0 42.3 33.0
2007: January 127.3 103.9 2.2 21.1 11.9 9.8 17.7 15.3 67.7 56.4 30.0 22.4
February 112.5 90.5 2.6 19.4 9.7 7.2 15.3 12.4 62.3 51.1 25.2 19.7
March 122.8 100.2 2.8 19.8 9.7 6.2 17.0 13.7 64.3 54.0 31.9 26.2
April 118.9 98.1 3.1 17.8 9.2 5.6 17.7 16.2 63.7 53.0 28.3 23.3
May 129.5 107.5 3.8 18.2 11.2 8.3 19.4 16.2 66.1 56.9 32.9 26.2
June 131.2 107.5 2.9 20.7 14.5 10.8 19.1 16.5 67.1 55.4 30.4 24.8
July 129.0 101.2 2.7 25.1 11.0 6.9 19.3 14.5 67.3 54.9 31.5 24.9
August 136.9 107.9 2.5 26.5 14.1 10.7 16.6 14.2 70.0 54.9 36.2 28.1
September 123.2 99.8 2.6 20.7 12.2 8.6 22.9 18.4 57.2 47.7 30.9 25.1
October 126.0 103.4 2.4 20.3 16.6 12.5 19.4 16.1 62.1 52.5 28.0 22.3
November 118.7 98.9 2.3 17.5 10.9 8.6 19.9 18.2 56.6 46.0 31.3 26.1
December 126.8 99.4 1.5 25.8 13.8 9.4 18.4 16.8 61.8 48.5 32.7 24.8
2008: January 93.5 69.0 3.1 21.4 8.7 5.4 12.9 11.3 48.4 36.0 23.6 16.4
Februaryr 87.0 63.2 2.1 21.7 7.2 4.9 15.2 11.8 48.1 34.5 16.5 12.1
Marchr 89.6 69.1 1.0 19.5 6.6 5.3 12.4 10.2 47.2 35.9 23.3 17.7
Aprilp 77.1 60.8 2.1 14.1 7.9 5.7 11.9 10.1 38.7 32.1 18.6 12.9
Average RSE (%)1 5 5 26 13 16 19 12 12 7 7 9 9
pPreliminary. rRevised. RSE Relative standard error. S Does not meet publication standards because tests for identifiable and stable seasonality do not meet reliability standards.
X Not applicable.
1Average RSE for the latest 6-month period. 2 See the Explanatory Notes in the accompanying text for an explanation of 90% confidence intervals.
3 Computed using unrounded data.
Period
United States
In structures with --
Northeast
Not seasonally adjusted
Midwest South West
That is absolutely amazing.
An index fund buying tous.pk stock!
I guess the recent volume of tous.pk justified the purchase to accurately reflect the market.
If only a real fund manager would purchase a few million shares....
Yes....source is as follows.
http://thebuylist.com/default.aspx?Stock=tous
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