When nature strikes back to business, the cycle of operations are affected that prevent business’ flows moving slowly or declining. One of the factors that we need to consider especially when we construct or build new homes is the weather condition.
Lately, housing construction drifted down 4 percent last December 2009. It declined to a seasonally adjusted annual rate of 557, 000 from 580,000 in November according to the Commerce Department released on a report last Wednesday.
The turning down of housing construction pointed toward the bad weather happened in the Northeast and Midwest where a sudden decreased of 19 percent starts to show off in the market. About 1 percent was down in the Western part and luckily rose 3 percent in the South part.
An 11 percent increased was noted in the applications for new building permits in December to an annual rate of 653,000 so far noted as the highest level of activity since October 2008.
Due to the overwhelming bad weather conditions happening previously, housing construction went down 75 percent from the peak four years ago but fortunately rocketed up 14 percent from last January when industry has just bottomed up.
When the weather is bad, be sure to regain something worthwhile after the great storm in business. In real estate business, statistics are very important and you know what I mean.
