U.S. New Home Construction Hit 5 Year High
New Home Construction Jumps
Today the U.S. Department of Commerce released a report showing new home construction in March hit its highest rate in almost 5 years! New home starts in March were up 47% from the same period last year, the largest year-over-year growth since 1992! Read more 
Real Estate New Construction Up & Down
new home construction
The Commerce Department reported today that construction of single-family homes, the most important segment of the housing market, fell. It dropped 0.9 percent to an annual rate of 531,000 units, after a strong 5.7 percent gain in February.
On the positive side, permits for single-family construction, a barometer for future activity, were up. That raised some hopes that the recovery of the housing market will stay on track and help sustain the broader economic rebound. Read more
Housing Starts Fall – Housing Permits Rise
housing market
The Commerce Department reported today that housing starts fell 4 percent to a seasonally adjusted annual rate of 557,000 units. A number of analysts had expected housing starts to rise to 580,000 units. November’s housing starts were revised upwards to 580,000 units from the previously reported 574,000 units. It is thought the drop in housing starts was likely the result of unusually cold weather last month.
Starts for single-family homes fell 6.9 percent last month to an annual rate of 456,000 units after rising 4.0 percent in November. The multifamily housing segment rose 12.2 percent to a 101,000 unit annual pace, after surging 69.8 percent in November.
New building permits rose 10.9 percent to 653,000 units last month, the highest since October 2008. For the whole of 2009, permits dropped 36.9 percent.
Del Mar San Diego housing
New Home Construction Falls 10.6%
new home construction
The Department of Commerce reported that new home construction unexpectedly fell 10.6% in October from the previous month to the lowest level since April. The new home starts for October were 31% below the pace a year ago.
This continues to indicate that the bounce seen in new construction activity that occurred between March and July was not the start of an “organic” V-shaped housing recovery but rather Read more
New Home Construction Hits record Low
Today in a report from the Commerce Department it was shown that construction of new homes and apartments fell 16.8 percent in January from the previous month, to a seasonally adjusted annual rate of 466,000 units, a record low.
Applications for building permits, a barometer of future activity, also sank to a record low pace in January. Permits were down 4.8 percent from the prior month. San Diego real estate agent
Related posts by other bloggers:
Deep, dark hole for new home construction | csmonitor.com
- US housing starts fell below 500000 for the first time in 50 years of recordkeeping.
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New Home Construction Falls
The Census Bureau released the September data for new home construction
After falling in both July and August, housing starts and permits for new construction dropped again to multi-decade lows in September:
On a year-over-year basis, housing starts are now down 31.1 percent paced by a decline of 40.4 percent in the West and 32.5 percent in the South. Permits are down 38.4 percent from year ago levels, led by a decline of 44.4 percent in the West and 37 percent declines in the South and Midwest.
In some ways, less housing starts is "good" not "bad".
There is too much housing inventory in the market caused by over-building. Less building allows the over-supply to be reduced in order to reach a balance of supply and demand which will have the effect of stopping prices from declining.
So, I would say this 'bad' news is really 'good' news in the long term. san diego california real estate for sale