Real Estate Outlook: Housing Starts Rise

Posted by Bonnie Martin Designated Broker on Monday, October 1st, 2012 at 7:52am.


realtytimes.com - New housing starts were on the rise for the month of August according to HUD and the U.S. Census Bureau. This 2.3 percent rise was prompted by gains seen in the single-family sector.


The National Association of Home Builders (NAHB) reports that "the pace of new construction rose in every region for a combined 5.5 percent gain to 535,000 units." This is fastest seasonally adjusted rate in more than two years.

 

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