housing starts down 25.5% yoy, permits down 31.3%!

look out below........

U.S. building permits down 31.3% year-over-year
U.S. housing starts down 25.5% year-over-year
U.S. Nov. building permits fall to 9-year low.
U.S. Nov. building permits short of 1.55 mln expected
U.S. Nov. housing starts exceed 1.54 mln expected.
U.S. Nov. building permits fall 3% to 1.506 mln pace.
U.S. Nov. housing starts up 6.7% to 1.588 mln pace

Building permits are down 31.3% in the past year and are down 14.1% in the first 11 months of 2006 compared with the same period in 2005.

Regionally, starts rose 8.6% in the Northeast and rose 18.5% in the South. Starts fell 6.3% in the Midwest to the lowest level in 15 years. Starts fell 8.1% in the West to the lowest level in five years.

much more details and charts as always from "calculated risk!"