Building permits, housing starts rise in December

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It’s nice to see folks interested increasing new homes. It’s shows confidence in the housing market.

-sunil

Building permits, housing starts rise in December
Building permits for single-family homes rose 1.8 percent in December to a rate of 444,000 units compared with November, according to a joint release by the U.S. Census Bureau and the Dept. of Housing and Urban Development.  Single-family housing starts rose 4.1 percent to a seasonally adjusted annual rate of 657,000.

An estimated 611,900 housing units were authorized by building permits in 2011. This is 1.2 percent above the 2010 figure of 604,600.  Approximately 606,900 housing units were started in 2011. This is 3.4 percent above the 2010 figure of 586,900.

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