Stacie Hartman

The Mortgage Blog of Stacie Hartman

Housing Starts Fall, Permits Up

Building permits for privately-owned housing units and single-family homes were both up in October, according to The U.S. Census Bureau and the Department of Housing and Urban Development. Single-family authorizations were up 1.0 percent from the month before and privately-owned housing units rose 0.5 percent. Though the permit data suggests future improvements for construction, housing starts during the month of October fell 11.7 percent to their lowest level since April 2009. The drop was driven by a 43.5 percent decrease in multifamily construction. Single-family housing starts were down just 1.1 percent. More here and here.

Advertisements

Filed under: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: