The Commerce Department’s U.S. Census Bureau today released new residential construction data for March 2010. Permits for new housing units jumped 7.5 percent in March, housing starts increased 1.6 percent in March and starts in February were revised up considerably. Permits have advanced 37.6 percent and starts have risen 30.7 percent above their low points in April 2009. (More)
The Commerce Department’s U.S. Census Bureau today released data on new residential construction in January 2010. Housing starts rose 2.8 percent in January and permits decreased 4.9 percent. Starts have advanced 23.4 percent and permits have risen 24.7 percent above their April 2009 low point. “Despite the mixed performance at the start of the year, the outlook for growth in housing activity remains positive,” Commerce Under Secretary Rebecca Blank said. (More) (Release)
The U.S. Commerce Department’s Bureau of the Census released data on new residential construction in July. Starts for single-family homes increased 1.7 percent, while overall permits to build privately-owned housing units declined 1.8 percent and housing starts decreased 1.0 percent. Despite the overall decrease, total permits have risen 12.4 percent from their low in April, after plummeting a total of 78.0 percent between September 2005 and April 2009. Additionally, total starts have increased 21.3 percent, after falling 78.9 percent from their peak in January 2006 to their low in April 2009. (More) (July Residential Construction Release)
The Department of Commerce's U.S. Census Bureau today reported that permits to build privately-owned new housing units rose 8.7 percent in June 2009, well above the expectation for a 1.9-percent rise. Housing starts rose 3.6 percent, better than the expectation of no change for the month. Today’s stronger numbers reflect an increasing confidence—the percent of households who recognize that this is a good time to buy a house has risen over the last year. While the economic environment remains challenging, continued Recovery Act investment into the economy should encourage growth in a range of industries including the housing sector. (Statement)
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