The U.S. Census Bureau and the Department of Housing and Urban Development have announced residential construction statistics for December 2010.
Privately-owned housing units authorized by building permits in December were at a seasonally adjusted annual rate of 635,000. This is 16.7% (±2.1%) above the revised November rate of 544,000, but is 6.8%(±2.8%) below the December 2009 estimate of 681,000.
Privately-owned housing starts in December were at a seasonally adjusted annual rate of 529,000. This is 4.3% (±14.1%) below the revised November estimate of 553,000 and is 8.2% (±14.4%) below the December 2009 rate of 576,000.
Privately-owned housing completions in December were at a seasonally adjusted annual rate of 585,000. This is 4.1% (±17.7%) above the revised November estimate of 562,000, but is 22.2% (±11.3%) below the December 2009 rate of 752,000.
For information on single-family and multi-family numbers, read the RealEstateChannel.com article.
Call or email me to talk about new homes in Mercer County and our surrounding areas.
Joe Giancarli, SA
Real Estate Advisor
609-658-2612
jgiancarli@remax.net
http://www.joegiancarli.com/
http://www.njhomesource.com/
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