residential real estate

Residential New Construction Housing Starts Decrease -4.1% for December 2011

The December 2011 Residential construction report showed Housing starts dropped -4.1% from November's revised 685,000, to a level of 657,000. This is +24.9% above December 2010, or 526,000 housing starts. Housing starts decline was due to apartments, 5 units or more of one building structure, which dropped -27.8% in one month.

 

Construction Spending Increased 1.2% in November 2011

The Census, part of the Commerce Department, today released the monthly construction spending report. This is a monthly tally of how much money was spent on construction and the survey has been done since 1960. The below graph shows just how badly construction spending imploded since 2008. Dollars are not adjusted for inflation, so the overall decline is even more dramatic.

 

Residential New Construction Housing Starts Increase 9.3% for November 2011

The November 2011 Residential construction report showed Housing starts surged 9.3% from October's revised 627,000, to a level of 685 000. This is +24.3% above November 2010, or 551,000 housing starts. The surge was due to apartments, 5 units or more, of one building structure.

 

Residential New Construction Housing Starts Decline -0.3% for October 2011

The October 2011 Residential construction report showed Housing starts decreased -0.3% from September, to a level of 628,000. This is +16.5% above October 2010, or 539,000 housing starts. New Residential Construction has a margin of error often above the monthly percentage increases, so take these monthly changes with a grain of salt.

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