Statistics announced today by the US Census Bureau and HUD for May, 2010 show building permits for privately-owned housing units in May declined 5.9% below the revised April numbers, to 574,000 down from 610,000. This number is above the 550,000 recorded for May 2009.
Single-family housing starts in May were at a rate of 468,000; this is 17.2 percent (±7.9%) below the revised April figure of 565,000. The May rate for units in buildings with five units or more was 112,000.
Single-family housing completions in May were at a rate of 507,000; this is 7.8 percent (±9.5%) below the revised April rate of 550,000. The May rate for units in buildings with five units or more was 175,000.
Contact me to discuss ideas on getting your New Jersey new home ready for move-in this summer.
Joe Giancarli, Sales Associate
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.njhomesource.net/
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