Last weekâs economic news included several housing-related reports including the Housing Market Index (HMI) for March, a report on housing starts, and building permits for February.
Rising permits and housing starts suggests a more healthy U.S. economy.
Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide.
Sometimes, the housing data headlines tell just half the tale. May’s Housing Starts figures are proving to be a terrific illustration.
The new construction housing market continues to improve.
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.
The new construction housing market appears primed for growth.
The 2012 housing market started like 2011 ended — strong.
According to the U.S. Census Bureau, Single-Family Housing Starts rose to 447,000 units on a seasonally-adjusted, annualized basis in November — a 2 percent increase from October.