Highlights
- Commercial activity declined 1% and residential activity declined 10% from December 2013 to January 2014.
- Nationally, gains in warm weather regions were offset by declines in areas impacted by winter weather conditions.
Residential activity
In January, the total number of residential permits issued, declined 10% over the previous month after accounting for seasonal variability.
Residential permits issued by month (deseasonalized)
Not surprisingly, some of the the most significant gains in residential permit issuance were seen in areas not as impacted by the weather.
Significant month-over-month changes in residential activity by city (deseasonalized)
After a 12-month low in December, Madison, WI rebounded in January and experienced the most significant increase in residential permits over the past month.
Commercial activity
In January 2014, the commercial sector declined 1% over December 2013.
Commercial permits issued by month (deseasonalized)
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