More Bullish Data : Housing Starts Climb 3.6%

Nov 23

More Bullish Data : Housing Starts Climb 3.6%

November 23, 2012 By Jessica Wilkie 1 Comment

According to a joint release from the U.S. Census Bureau and the Department of Housing and Urban Development, Housing Starts rose 3.6% in October 2012, climbing to a seasonally-adjusted, annualized rate of 894,000 units. A "housing start" is a new home on which construction has started and the report gives buyers and sellers across DC yet one more reason to be optimistic for the 2013 housing market. Regionally, Housing Starts varied. The West and Midwest Regions posted gains between … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Census Bureau, Existing Home Sales, Housing Starts, Midwest Region, National Association of Realtors, New Year, Northeast Region, Single-family detached home, United States Census Bureau, United States Department of Housing and Urban Development

Oct 18

Single-Family Housing Starts Rise To 4-Year High

October 18, 2012 By Justin Paulhamus Leave a Comment

The housing market continues to improve. According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years. A "housing start" is a home on which construction has started and home builders are breaking ground at rates not seen even during the 2010 federal home buyer tax credit period. It's a signal to home buyers throughout … [Read more...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Census Bureau, District of Columbia, Housing Starts, Purchasing Power, real estate sales, washington dc

Sep 24

What’s Ahead For Mortgage Rates This Week : September 24, 2012

September 24, 2012 By Justin Paulhamus Leave a Comment

Mortgage markets improved for the second consecutive week last week as demand for U.S. mortgage-backed bonds remained high. A series of economic reports showed strength in housing and a stability in jobs. Wall Street looked past it, however, to send mortgage rates to their lowest levels in history. One week into the Federal Reserve's newest bond-buying program, the stimulus appears to be working. According to Freddie Mac, the average 30-year fixed rate mortgage rate slipped to 3.49% … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Federal Reserve System, Fixed rate mortgage, Freddie Mac, Housing Starts, Mortgage loan, National Association of Realtors, PCE, Point (mortgage), QE3, Wall Street

Sep 20

Housing Starts Move To 2-Year High

September 20, 2012 By Justin Paulhamus Leave a Comment

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...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: August, Building Permits, Housing Market Index, Housing Starts, July, Midwest Region, National Association of Home Builders, Real estate economics, Single-family detached home, United States Census Bureau

Aug 21

Single-Family Housing Starts Remain Strong

August 21, 2012 By Justin Paulhamus Leave a Comment

The market for newly-built homes remains strong. As reported by the U.S. Census Bureau, July featured 502,000 single-family housing starts nationwide on a seasonally-adjusted, annualized basis, marking the fourth straight month during which single-family starts posted north of one-half million. The last time this milestone occurred was in the four months ending April 2010 -- the last month of that year's federal home buyer tax credit. A "housing start" is a home on which construction … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Census Bureau, Federal Housing Administration, Home Builders, Homebuilder Confidence, Housing Starts, National Association of Home Builders, real estate, Real estate pricing, Single-family detached home, United States Census Bureau

Jun 22

Housing Starts Up 26% In Last 12 Months

June 22, 2012 By Justin Paulhamus Leave a Comment

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...]

Filed Under: Buying Real Estate in Washington, DC, Selling Real Estate in Washington, DC Tagged With: Building Permits, Census Bureau, District of Columbia, Housing Starts, May, Real estate economics, United States Census Bureau, washington dc

Apr 18

Single-Family Housing Starts Slip 0.2% In March

April 18, 2012 By Joshua Oliver 2 Comments

Tuesday, the government released its March 2012 New Residential Construction report. The report is made up of three sections, each related to a phase of the "new home" market. The report's first part is Building Permits; the second is Housing Starts; the third is Housing Completions. Of the three sections, it's Housing Starts that gets the most attention from the press -- mostly because, of the triad, it's the simplest for a layperson to understand. However, the manner in which Housing … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Building Permits, Census Bureau, Construction permit, Housing Starts, March, Single-family detached home, United States, United States Census Bureau, washington dc

Jan 20

Behind The Housing Starts Headlines, The Story That Matters

January 20, 2012 By Jessica Wilkie 3 Comments

When it comes to housing data, sometimes you have to look past the headlines. December's Housing Starts data offers a terrific illustration of why. Each month, the Census Bureau tallies Housing Starts for the month prior. A "housing start" is a home on which construction has started. The Housing Starts report is separated by property type. There is a count for single-family homes; a count for 2-4 unit homes; and a count for buildings of 5 units or more, a category including … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: December, Homebuilder Confidence, Housing Starts, MarketWatch, New Home Sales, Real estate pricing, Single-family detached home, United States Census Bureau, washington dc

Dec 23

Housing Starts Show Strength In Housing

December 23, 2011 By Joshua Oliver 3 Comments

The new construction housing market continues to show strength across the country. According to the U.S. Census Bureau, Single-Family Housing Starts rose to 447,000 units on a seasonally-adjusted, annualized basis in November -- a 2 percent increase from October. A "Housing Start" is defined as breaking ground on new home construction. November's figures mark the third straight month of Single-Family Housing Starts gains. The new construction metric is now 15 percent above its … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Building Permits, Census Bureau, Construction permit, Housing Starts, Mortgage loan, New Home Construction, November, Point (mortgage), Real estate economics, Single-family detached home, Washington D.C.

Dec 22

Home Supplies Fall To 7.0 Months Nationwide; Buyer Demand Strong

December 22, 2011 By Justin Paulhamus 2 Comments

Home resales moved to a 10-month high in November, the latest in a series of strong showings from the housing sector. According to the National Association of REALTORS®, November's Existing Home Sales rose to a seasonally-adjusted, annualized 4.42 million units nationwide -- a 4 percent climb from October 2011. An "existing home" is a home that has been previously occupied and cannot be categorized as new construction. Home buyers and sellers throughout DC should take note of … [Read more...]

Filed Under: Buying Real Estate in Washington, DC Tagged With: Existing Home Sales, Existing Home Supply, Home inspection, Housing Starts, Mortgage loan, National Association of Realtors, November, real estate, Real estate pricing, Seasonal adjustment