April 19, 2024 1:05 pm
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U.S. private housing permits rose to highest level in 14 months

A worker standing on the roof of a home under construction in San Rafael, Calif., on Nov. 17, 2016. /PHOTO: JUSTIN SULLIVAN/GETTY IMAGES

Housing starts fell 2.6%; single-family construction climbed, multiunit tumbled

By Jeffrey Sparshott | The Wall Street Journal

Private housing permits rose to the highest level in 14 months in January, a sign of healthy demand amid steady job creation.

The number of permits climbed 4.6% to a seasonally adjusted annual rate of 1.285 million, the Commerce said Department. Single-family permits slipped 2.7% while the more volatile mult-unit permit category jumped 19.8%.

Regionally, figures in the Midwest and South were particularly strong—single-family permits rose to the highest levels since 2007.

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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.