April 26, 2024 3:01 pm
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Housing starts fall enough to break 3-year trend of improvement

RE ArtBy Jann Swanson | Mortgage News Daily

All three residential construction indicators fell in June according to the U.S. Census Bureau and the Department of Housing and Urban Development.  Housing permits and housing starts were down for the second month in a row and completions, which increased in May, also fell.

Permits for residential construction were issued as a seasonally adjusted annual rate of 963,000 units, a decrease of 4.2 percent from the May rate of 1,005,000.  The May rate was revised upward from the 991,000 pace originally reported.  June permitting was 2.7 percent higher than the June 2013 rate of 938,000.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.