Last month the number of building permits hit their highest level for six years, raising hopes of the housing market becoming more stable. According to data from the Commerce Department, ground breaking rose by 13.2%, reaching a seasonally adjusted rate of 1.07 units. This is the highest level seen since November 2013, and increases were
Housing Starts Rise Less than Expected
April 16, 2014 by
The number of US housing starts increased, but was less than expected while the number of building permits dropped in March. The article in aol.com points out this shows an underlying weakness in the housing market, and there are fears could continue in spite of the improving weather as spring progresses. Figures from the Commerce
Last Month Saw Housing Starts Rise by 5.9%
August 21, 2013 by
Figures from the US Census Bureau and the HUD show that the seasonally adjusted annual rate of nationwide housing starts rose to 896,000 units in July. Multifamily construction increased compared to the previous month, while single-family construction declined slightly compared to June.
5.7% Rise in New Single-Family Home Sales
October 28, 2011 by
After seeing sales of new single family homes decline for four straight months, we finally saw a rebound during September, with new home sales in this category rising by 5.7%, according to the Commerce Department. Associated Press reported that one of the biggest reasons for the jump was that builders finally saw sense and reduced
