Housing starts increased in September
October 19th, 2011 9:41am
| Share This |  |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
|
 |
 |
 |
According to new data, housing starts rose in the month of September, says a report from the U.S. Census Bureau and the Department of Housing and Urban Development.Nationally, housing starts were up 15 percent in September over the previous month, and are up 10.2 percent over September 2010. This accounts for a seasonally adjusted rate of 658,000 units.
Single-family homes, which make up 70 percent of all starts, rose 1.7 percent to a rate of 425,000 units.
"The September starts report shows new housing activity to be stronger than expected," according to analysts with Econoday. "The big question is whether the demand exists to absorb added supply."
This data comes a day after the National Association of Home Builders confidence index rose four points for the month of October.
The growing number of home starts directly impacts Houston real estate. The Houston Association of Realtors announced in its September report that Houston-area home sales have increased for the fourth straight month, performing better than the national average. This growing trend might mean it's a good time to look at Houston listings for a new home.
Courtesy of 2M Realty News
Related News Articles in General Real Estate
- New bill may have lenders eyeing energy bills
A new piece of legislation may force lenders to factor in a borrower's anticipated energy costs when underwriting a government-backed mortgage.October 19th, 2011 10:12am - Houston housing market shows promising increases
Data from a recent report shows sales in the Houston real estate market have risen for the fourth consecutive month.October 18th, 2011 10:02am - Key indicators may mean it's time to buy
Home prices have declined more than 30 percent in the past five years, but two key indicators might be saying its a good time to buy again.October 14th, 2011 10:03am - Foreclosure rates are slowly stabilizing
The nation's fragile housing market may start to stabilize after another year or two, reports the Wall Street Journal.October 12th, 2011 9:29am - Jeb Bush offers advice on housing market
Former Florida Governor and Texas native Jeb Bush has recently shown doubt that President Barack Obama will take a firm stance on the country's current housing crisis.October 11th, 2011 10:05am
My Account
Log in, to view your saved searches and add to your favorite listings.
Forgot your password? Click here!
... So You Can:
- View detailed property information
- Print detailed property flyers
- Save your searches & favorite homes
- Inquire about a private showing
- Map individual property locations
- Share your favorite homes with friends
