Dane County Housing Starts for December 2008December was the worst month for housing starts in the 20 years Dominic has been tracking housing starts data. An average December is about 250-260 but December ’08 saw a mere 20 housing starts. That's a 74% drop from December 2007’s 78 housing starts and a 90% drop from the December 2003 high of 210.
Dane County Housing Starts for 200820 years ago housing starts in Dane County averaged 1200-1300 per year. 10 years ago housing starts averaged 1900 per year. In 2008 housing starts were 667, down 42.8% from 2007’s 1167 housing starts. The prior year didn’t fare much better. 2006’s 1396 housing starts was also a dramatic decline from 2005’s 2319 housing starts, a drop of 39.8%. Declines from 2004 to 2005 and 2006 to 2007 were modest in comparison at 8.5% and 16.4%, respectively.
Current Dane County Housing Starts Supply
The trend line for 2009 remains uncertain. Although it looks like it can't go much lower, these are unprecedented times and, admittedly, Collar says, anything could happen. In any case housing starts will be a key measure to keep an eye on. MTD’s statistical analysis and forecasting has proven so accurate, says Collar, that it typically provides him with a three month’s heads-up as to what the market will be doing months down the road.
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My special thanks to Dominic Collar of MTD Marketing Services of Wisconsin. For more information about MTD's services, please call Dominic at (920) 993.8435.
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