November 17, 2024 8:57 am
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Housing starts rise 5.2%

Housing

HousingNew applications for building permits, a bellwether for forthcoming construction, fell 3.1%

By Anna Louise Sussman and Chris Kirkham | The Wall Street Journal

Home building in the U.S. rebounded in February, reaching its highest level since September amid strong demand for housing.

Economists noted that warm February weather may have led to higher-than-usual building activity, after housing starts fell in January and December.

Stephen Stanley, chief economist at Amherst Pierpont Securities, said the low inventory of existing homes should support home-building going forward.

Continued:

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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.