Building permits approaching post-meltdown highs

By Jann Swanson | Mortgage News Daily

Results from Thursday’s residential construction report from the U.S. Census Bureau and the Department of Housing and Urban Development were mixed. Construction permits made a strong showing while housing starts were down, continuing the see-saw pattern that has persisted for months. The Western region was markedly weak across all three of the report’s areas.

Construction permits were issued at a seasonally adjusted annual rate of 1,285,000, up 4.6 percent from the December rate of 1,228,000. The latter number was a revision from the 1,210,000 units previously announced. On a year-over-year basis permitting posted an 8.2 percent increase over the previous January’s pace of 1,188,000.

The results bested estimates of analysts polled by Econoday who were looking for permits in the range of 1,220,000 to 1,250,000 units. The consensus was 1,233,000.

Continued:

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

February 2017
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728