Tag: housing recovery

Business

Housing starts soar 22.7% in November to nearly 6-year high

Greatly defying expectations, U.S. housing starts soared in November to heights rarely seen since the housing collapse in 2006. Housing starts jumped 22.7 percent in November to a seasonally adjusted annual rate of 1.091 million, according to data from the Commerce Department. That’s the highest monthly gain since January 1990 and only the second time […]

December 18, 2013

Business

Home starts stumble 10% in June while single-family permits hit highest rate in 5 years

In what’s beginning to become a sustained pattern of ups and downs, the start of construction on new homes in the U.S. fell 9.9 percent in June, according to data from the Commerce Department Wednesday. June’s stumble likely resuscitates fears that the housing recovery isn’t as healthy as many thought a few months ago. May […]

July 17, 2013

Business

Builder confidence reaches highest level since 2006

For the first time since April 2006, more U.S. home builders say they view the market  as “good” rather than “poor.” The sentiment comes through the June edition of the National Association of Home Builders/Wells Fargo Housing Market Index. The Index’s rating of builder confidence rose eight points in June to a 52. The NAHB says […]

June 20, 2013

Business

Housing starts tumble 16.5% in April, but surge in permits suggests continued recovery

The start of construction on homes fell drastically in April, one month after reaching a level of home starts the country had not seen since before the recession. However, a surge in building permits hints that the damage might not be too bad. Construction began on homes at a seasonally adjusted annual rate of 853,000, […]

May 16, 2013

Business

U.S. rental construction, lack of first-time home buyers a sign of “inferior housing recovery”?

Despite recent dips in construction spending and employment, the mood in the industry is, well, better. Better than it was last year anyway as 151,000 jobs have been added since then, the unemployment rate is down to 13.2 percent and spending is up 5 percent. As we’ve noted before, a lot of this has to […]

May 8, 2013

Business

Housing starts jump 7% in March to highest level since before recession

The housing recovery boom marches on. Following a month of stagnation in February, housing starts jumped 7 percent in March to their highest levels since June 2008, according to preliminary data from the U.S. Commerce Department. The big month pushed construction on houses and apartments over the seven figure threshold to a seasonally adjusted rate […]

April 16, 2013

Business

U.S. home starts rise to highest rate in 4 years

The housing recovery gained more momentum in October as construction began on the most homes and apartments since July 2008. According to numbers released by the U.S. Commerce Department, privately-owned housing starts in October were at a seasonally-adjusted annual rate of 894,000. That’s an increase of 3.6 percent above the revised September estimate of 863,000 […]

November 20, 2012