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Sep 20

Housing Starts Move To 2-Year High

The new construction housing market continues to make gains. Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide. The report marks the fifth month of six that single-family starts increased, and marks the highest starts tally since April 2010 -- the last month of that year's federal homebuyer tax credit program. A "housing start" is a new home on which … [Read more...]

Jun 22

Housing Starts Up 26% In Last 12 Months

Sometimes, the housing data headlines tell just half the tale. The stories on May's Housing Starts figures are proving to be a terrific illustration. Tuesday, the Census Bureau released its monthly Housing Starts report. A "housing start" is a home on which construction has started. The report is separated by property type with a separate count for single family homes such as detached residences and town homes; for multiple-unit homes such as 2-unit, 3-unit and 4-unit structures; and, for … [Read more...]

Sep 23

Building Permits Rising Nationwide; Housing Starts To Follow

Single-Family Housing Starts fell for the second consecutive month, dropping to a seasonally-adjusted, annualized 417,000 units in August 2011. A "Housing Start" is defined as a home on which ground has broken. We shouldn't put too much faith in the findings, however. Although housing starts were lower last month, as noted by the Census Bureau, the margin of error in the August Housing Starts report exceeded the actual result. From the official report: August's Published Results : … [Read more...]

Jun 17

Housing Starts Climb Unexpectedly In May

The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May. As compared to April, last month's Single-Family Housing Starts rose 4 percent to a seasonally-adjusted, annualized rate of 419,000 units, a figure slightly better than the 6-month average and the highest tally since January. A "housing start" is defined as a home on which new construction has started. In addition, Building Permits saw a boost in … [Read more...]