Friday, May 21, 2010

Single Family Housing Starts Rise in April

The U.S. Census Bureau and the Department of Housing and Urban Development jointly released report that single-family housing starts for residential construction jump 10.2% in April.

Privately-owned housing units with building permits were below the March, 2010 rate but 15.9% above the April, 2009 rate.

Privately-owned housing starts were 5.8% above the estimate, and 40.9% above April, 2009.

Privately-owned housing completions in April were at a seasonally adjusted annual rate of 769,000. This is 19.2% above the revised March estimate of 645,000, but is 8.7% below the revised April 2009 rate of 842,000.

Single-family housing completions in April were 564,000; this is 14.6% above the revised March figure of 492,000. The April rate for units in buildings with five units or more was 192,000.

This is the peak time to consider a new home and be in during the summer, ready for school.  Contact me to discuss the best areas in Mercer County for new home construction, and get some ideas on what developments will suit your needs.

Joe Giancarli, Sales Associate

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