Housing Economics - 08/17/2011 (Plain Text Version)

View Graphical Version | Subscribe to NAHB Publications | E-mail Our Editor
NAHB Home Page | Browse Other NAHB e-Newsletters | Search Back Issues

In this issue:
Housing Starts Down Slightly in July
Housing Market Statistics
Preview the Latest National Outlook
Property Tax Rates by County and City

Housing Starts Down Slightly in July

Nationwide housing starts edged down 1.5 percent to a seasonally adjusted annual rate of 604,000 units in July, according to figures released by the U.S. Commerce Department today...

Housing Starts and Building Permits for July 2011

DATE

CURRENT

LAST

% Change

Download Starts and Permits

Starts

8/16/2011

604Th

613Th

-1.5%

Permits

8/16/2011

597Th

617Th

-3.2%

Nationwide housing starts rose 14.6 percent to a seasonally adjusted annual rate of 629,000 units in June, according to figures released by the U.S. Commerce Department today. This was the best pace of housing production since the beginning of the year, and was attributable to significant gains registered in both the single-family and multifamily segments as well as every region of the country.

"Today's numbers are an encouraging sign that builders are responding to improving consumer interest in new homes and apartments by gradually replenishing their extremely thin inventories in places where demand is evident," said Bob Nielsen, chairman of the National Association of Home Builders (NAHB) and a home builder from Reno, Nev. "That said, the lack of access to construction credit remains an impediment to starting new projects and getting building crews back to work in markets that are improving." Full story

HousingEconomics.com subscribers download data for Housing Starts & Permits.

Not a subscriber? Download free samples OR subscribe online and get instant access now!