Housing starts increased 5.8% in April to a 672,000 pace (SAAR) which was 22,000 ahead of the expected annual rate.? March data was also revised upward by the Census Bureau – about a 5% increase as well.? Although increased? starts are welcome news and were expected as builders scrambled to take advantage of [...]
Posts Tagged Housing Starts
March Housing starts were released yesterday and we saw a modest increase for the 3rd month in a row which indicates the new construction market is finally on an upward trend. ? Starts increased 1.6% over February to a 626,000 annual pace which is about 20% higher than this time last year.
Single family starts edged [...]
New residential construction starts increased 2.8% in January to an annual rate of 591k. The better than expected increase last month follows an upwardly revised annual pace of 575k in December. Moreover, January starts were up a strong 21.1% from January one year ago.
Our full report is here:? January 2010 Housing Starts
This is their [...]
