U.S. builders started work on more homes and apartments last month and
requested more permits to build single-family homes. The increases
suggest the battered housing market is healing.
The Commerce Department said Wednesday that builders broke ground in
April at a seasonally adjusted annual pace of 717,000 homes. That’s a
2.6 percent increase from an upwardly revised March figure and near
January’s three-year high of 720,000. Construction rose for both
single-family homes and apartments.
Building permits, a gauge of future construction, fell last month
from a 3½-year high to a seasonally adjusted annual rate of 715,000. But
that was because of a 23 percent drop in the volatile apartment
category. Permits for single-family homes rose almost 2 percent.
More
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Don't believe it this is just Realtor trickery.
ReplyDeleteIf it was from the Realtors, I would call it Realtor trickery.
ReplyDeleteBut this is from the commerce department. That makes it propaganda!
Can't speak for the rest of the country but as an appraiser, I can tell you it's not happening here.
ReplyDeleteCrap, by november, everything will have recovered...just in time.
ReplyDelete