According to the S&P/Case-Shiller Home Price Indices, home prices grew impressively in January. The 20-city home price index grew by 8.1% from January 2012-January 2013. S&P Dow Jones chairman of the Index Committee David M. Blitzer said, “economic data continue to support the housing recovery.” Blitzer also stated ““single-family home building permits and housing starts posted double-digit year-over-year increases in February 2013. Despite a slight uptick in foreclosure filings, numbers are still down 25 percent year-over-year.” More here
Future home-building permits have increased to a 4 1/2 year high and single-family units have soared to the highest level seen since the middle of 2008. In comparison, multi-family unit housing has started the month of January slightly sluggish according to the Commerce Department, but single-family units are making up for whatever loss the housing market may experience, helping continue to grow the market and remain on the right track. More here
New housing starts on private residences in November came in 3% below the October estimate of 888,000 starts, according to the U.S. Census Bureau and the Department of Housing and Urban Development. While the estimated percentage was not met, analysts with Econoday, an economy announcement company said, “the November slowdown is a minor pullback after strong gains the prior two months.” Econoday analysts suggested the recent decrease in housing starts can be blamed on slow construction in many areas. Building permits grew in November with 899,000 permits filed, a 3.6% increase from October and 26.8% from last year with 709,000 filings. There were 677,000 housing completions in November, 16.1% above the November 2011 rate of 583,000 housing completions. More here
Figures released by the U.S. Census Bureau and the Department of Housing and Urban Development show privately owned housing starts up 3.6 percent in October, which puts them 41.9 percent above last year’s rate. The improvement beat economists’ expectations and helped new residential construction hit its highest rate in more than four years. Building permits, on the other hand, slipped from September, falling 2.7 percent. Despite the dip, they are still up nearly 30 percent above last year’s rate. Also, single-family authorizations posted a 2.2 percent improvement in October. More here and here.
Estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show housing starts and building permits both surged in September. Privately-owned housing starts jumped 15 percent above the revised August estimate of 758,000 to a seasonally adjusted annual rate of 872,000. The improvement puts new residential construction 34.8 percent above last year’s level. Additionally, single-family housing starts were up 11 percent for the month. Building permits, which are an indicator of future activity, also saw large gains in September. Permits were up 11.6 percent for the month and are now 45.1 percent above last September’s estimate. Single-family authorizations rose 6.7 percent. More here and here.
The latest estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show construction of new homes gaining ground in August. According to the report, housing starts rose 2.3 percent above July’s estimate of 733,000 and are 29.1 percent above last year’s rate of 581,000. The improvement included a 5.5 percent spike in single-family housing starts, the best pace in more than two years. Despite the gains, building permits were flat for the month. Single family authorizations were up just 0.2 percent and total authorizations were down 1.0 percent. Still, permits were 24.5 percent above the August 2011 estimate. More here and here.
The latest estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show construction of new homes gaining ground in August. According to the report, housing starts rose 2.3 percent above July’s estimate of 733,000 and are 29.1 percent above last year’s rate of 581,000. The improvement included a 5.5 percent spike in single-family housing starts, the best pace in more than two years. Despite the gains, building permits were flat for the month. Single family authorizations were up just 0.2 percent and total authorizations were down 1.0 percent. Still, permits were 24.5 percent above the August 2011 estimate. More here and here.
The latest estimates from the U.S. Census Bureau and the Department of Housing and Urban Development show permits to build privately-owned housing units reached a four-year high in July. Building permits rose 6.8 percent from June’s rate of 760,000 to a seasonally adjusted annual rate of 812,000, which is nearly 30 percent higher than they were a year earlier. Permits to build single-family homes increased 4.5 percent. Construction of new homes and apartments, on the other hand, slipped in July. Housing starts fell 1.1 percent after rising nearly 7.0 percent the month before. Despite the drop, housing starts remain 21.5 percent above year-ago levels. More here and here.
Construction of new homes and apartments rose 6.9 percent in June, reaching the highest level since October 2008. The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Construction Report shows privately-owned housing starts were at a seasonally adjusted annual rate of 760,000. The increase put total housing starts 23.6 percent above last year’s level. Building permits, which are an indicator of future construction, fell 3.7 percent in June but remain 19.3 percent above 2011. The drop in permits was largely due to a decrease in multifamily permits. Single-family authorizations were virtually unchanged from the month before at a rate of 493,000, 0.6 percent above May’s figure of 490,000. More here and here.
According to estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts in April were at a seasonally adjusted annual rate of 717,000. That’s 2.6 percent above March’s revised number and 29.9 percent above April 2011. Single-family housing starts were also up in April, rising 2.3 percent from the month before. And though total building permits fell after rising 4.5 percent in March, single-family authorizations were at a rate of 475,000, which is a 1.9 percent increase over March’s revised figure of 466,000. More here.
