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.
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.
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.
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.
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.
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.
The U.S. Census Bureau and the Department of Housing and Urban Development’s new residential construction statistics for January show privately-owned housing starts rose to a seasonally adjusted annual rate of 699,000, exceeding economists’ expectations. The increase put starts 1.5 percent above December and 9.9 percent above the year before, when the annual rate was 636,000. Permits to build rose 0.7 percent over December and are 19.0 percent above January 2011. More here.
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According to new residential construction estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, single-family housing starts rose 4.4 percent in December. Building permits for single-family homes were also up for the month, rising 1.8 percent. Despite the gains, total housing starts fell 4.1 percent due to a drop in construction of multifamily homes. Year-over-year, housing starts were 24.9 percent above December 2010 and building permits were 7.8 percent above the previous year’s levels. There were an estimated 583,900 housing units completed in 2011. More here.
Despite a turn downward in September, permits to build privately-owned housing units rose 10.9 percent in October to a seasonally adjusted annual rate of 653,000, 17.7 percent above last year’s estimate. Permits to build single-family homes gained 5.1 percent month-over-month. Housing starts remained relatively flat, dropping 0.3 percent, though they are still 16.5 percent above October 2010. But, despite the slight dip in overall starts, single-family housing starts improved 3.9 percent above the revised September figure. New residential construction is now at its highest level since March 2010. More here.
