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New home construction increases in June

By: Dennis Norman

This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for June 2009 showing an  increase in new home construction activity.

The report shows the following:

Building permits issued for single-family residences in June were at an annual rate of 430,000 which is [...]

New home construction in U.S. increases in May

By: Dennis Norman

This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for May 2009 showing a slight increase in new home construction activity.

The report shows the following:

Building permits issued for single-family residences in May were at an annual rate of 408,000 which is a [...]

New home starts for March down 48.4% from a year ago

Today the U.S. Department of Commerce reported new home starts for March were down 10.8% from February and down 48.4% from a year ago.

New home starts are down 50%….Good news for the investor!

By: Dennis Norman

 

Today the US Department of Commerce released a report on new residential construction for November 2008.  Like so many real estate-related reports we are seeing today it was not pretty.  The report, a joint release of the US Census Bureau and the US Department of Housing and Urban Development says building permits for [...]