Here are the U.S. Census Bureau and the Department of Housing and Urban Development (HUD), new residential construction statistics for November 2010.
Single-family housing starts in November were at a rate of 465,000; this is 6.9% (±13.5%) above the revised October figure of 435,000. The November rate for units in buildings with five units or more was 72,000.
Single-family building permits in November were at a rate of 416,000; this is 3.0% (±1.0%) above the revised October figure of 404,000. Authorizations of units in buildings with five units or more were at a rate of 94,000 in November.
Single-family housing completions in November were at a rate of 436,000; this is 10.1% (±11.6%) below the revised October rate of 485,000. The November rate for units in buildings with five units or more was 73,000.
These numbers don't mean much if you can't find new homes in your area. Call or email me and let's discuss your options. I can fill you in on all the new homes available in Mercer County and our central New Jersey areas.
Joe Giancarli, SA
Real Estate Advisor
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
http://www.njhomesource.blogspot.com/
www.activerain.com/blogs/josephgiancarli
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