Ryan Magee

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Mortgage and Real Estate News from Ryan Magee

New Housing Completions Continue To Grow

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

Housing Starts Hit Four Year High In October

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.

Housing Starts Up 15 Percent In September

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.

Building Permits Climb To Four Year High In July

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.

Housing Starts Rise To Highest Level Since 2008

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.

Housing Starts Nearly 30 Percent Above May 2011

The U.S. Census Bureau and the Department of Housing and Urban Development released their new residential construction report for May 2012. According to the data, housing starts are up 28.5 percent above last year’s level but down 4.8 percent from April’s revised rate. The drop, mainly due to declines in multifamily construction, masks a 3.2 percent improvement in single-family housing starts from the month before. Building permits also rose, climbing 7.9 percent above April’s rate and 25.0 percent over May 2011. Permits to build single-family homes increased 4.0 percent in May. More here and here.

Housing Starts Up 30 Percent From Last Year

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.

Building Permits Up 4.5 Percent In March

The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Construction report for March shows permits to build privately-owned housing units rose 4.5 percent in March. Permits were at a seasonally adjusted annual rate of 747,000, which is 30.1 percent above last March’s estimate. But though permits were up for the month, housing starts fell 5.8 percent from February to a seasonally adjusted annual rate of 654,000. Still, new residential construction is 10.3 percent above last year’s level and single-family housing starts were down just 0.2 percent for the month, which indicates the decline was due largely to a drop in multifamily construction. Also in the report, housing completions rose 4.2 percent in March. More here.

Housing Starts Dip, Building Permits Surge In February

The U.S. Census Bureau and the Department of Housing and Urban Development’s new residential construction statistics for February show housing starts down 1.1 percent from January but still nearly 35 percent above the year before. Despite the slight dip in new construction, building permits for future construction rose to their highest level since October 2008. Permits to build privately-owned housing units jumped 5.1 percent over January’s revised rate and are 34.3 percent above the February 2011 estimate. Single-family authorizations climbed 4.9 percent to a rate if 472,000, up from January’s figure of 450,000. More here.

Housing Starts Dip, Building Permits Surge In February

The U.S. Census Bureau and the Department of Housing and Urban Development’s new residential construction statistics for February show housing starts down 1.1 percent from January but still nearly 35 percent above the year before. Despite the slight dip in new construction, building permits for future construction rose to their highest level since October 2008. Permits to build privately-owned housing units jumped 5.1 percent over January’s revised rate and are 34.3 percent above the February 2011 estimate. Single-family authorizations climbed 4.9 percent to a rate if 472,000, up from January’s figure of 450,000. More here.

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About Ryan:

I am a Mortgage Banker with Bridgeview Bank Mortgage who finances properties throughout the US for clients looking to purchase a new home or refinance an existing mortgage.

I have been financing properties since 2004 and truly enjoy what I do. My goal is to simplify the process of buying a home or refinancing an existing mortgage and make it a positive experience for you. I do not want you to be a one time customer, but a lifetime customer. I also want you to refer me to your friends, family, or anyone who is in need of my services because I did a great job for you!

I have extensive knowledge of all of the programs available including Conventional, FHA, VA, USDA, and more. I will work with you to determine which program is best for your situation and also meets your short and long term goals.

I do business the way it should be done; with honesty, integrity, and pressure free. Operating this way I’ve been able to develop a high volume of repeat business and referrals. I look forward to the opportunity to earn your business and help you with your mortgage needs. Whether you’re looking to purchase a new home or refinance your existing mortgage, look no further.

Thank you for visiting my page and I look forward to the opportunity to work with you!

Contact:

Ryan Magee
Mortgage Banker
Bridgeview Bank Mortgage
900 Crestview Drive, Ste 120
Hudson, WI 54016
182 W Division Street,
River Falls, WI 54022
Mobile: 715-821-1818
Fax: 952-232-0012
NMLS # 183482

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