The Real Deal Miami

Posts Tagged ‘housing starts’

  • Economists expect home sales and prices to rise in 2013 — solidifying the national housing recovery which began last year. As the inventory of distressed homes shrinks, homebuilders are adding supply, which is in turn helping to spur economic growth, Bloomberg News reported. [more]

  • U.S. housing starts down in November

    But year-over-year increases point to improving market
    December 19, 2012 03:45PM

    U.S. builders broke ground on fewer houses in November, the Commerce Department said Wednesday. The news comes on the heels of October’s numbers, which were at a four year high. Privately owned housing starts in November were at a seasonally adjusted annual rate of 861,000, a three percent drop below the October estimate of 888,000, which was the highest since July 2008. But overall, the numbers point to an improving nationwide housing market, with starts up 21.6 percent from November 2011. [more]

  • U.S. housing starts see big jump

    October 17, 2012 01:30PM

    Privately-owned housing starts rose 34.8 percent in September, compared to the same period in 2011, according to data released today by the U.S. Census Bureau. The Bureau cautioned that the figure was within a range of plus or minus 18.2 percent. There was an estimated total of 872,000 housing starts in September, a 15 percent above August’s 758,000. Building permits also rose 45.1 percent in the same period; single-family permits rose 6.7 percent. Housing completions saw an increase of 13.8 percent (plus or minus 16.2 percent) above the September 2011 rate, with a seasonally adjusted total of 683,000. — Alexander Britell

  • In Q3, home-building REITs thrive

    October 03, 2012 04:30PM

    As apartment companies’ shares fell in the third quarter, home building-related REITs fared well, the Wall Street Journal reported.

    Timber companies had the lead, posting gains in excess of 10 percent. New Jersey- based Weyerhaeuser Co. saw a return of 17.6 percent and Potatch Corp. posted an 18 percent gain. But apartment REITs saw a negative 4 percent return in the third quarter. Jay Leupp, a portfolio manager at Lazard Asset Management LLC, surmised that “apartment dwellers will be exiting apartments and stepping into the home-buying market.” [more]

  • In June, Florida led the nation with 24,600 lost construction jobs, according to data from the Associated General Contractors of America cited by the Sun Sentinel. The disappointing numbers come less than a week after the U.S. Department of Housing and Urban Development and the U.S. Census Bureau found that total housing starts increased 6.9 percent in June from May. [more]

  • Housing construction slowed in May but signs point to a bright future for builders. A report released today by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau found total housing starts declined 4.8 percent in May from April. However, at 708,000 the seasonally adjusted annual rate of housing starts stood 28.5 percent above the figure recorded in May 2011. [more]

  • Housing starts in Broward County rose 67 percent in the first quarter, compared to the same period in 2011, the South Florida Sun Sentinel reported. There were a total of 257 housing starts in the first three months of this year, according to data from research firm Metrostudy. In Palm Beach, housing starts jumped by 22 percent in the same period. The firm said South Florida’s home starts reached the bottom three years ago. Despite the significant increases, new home activity is well below the peak years in the mid 2000s, however. [Sun Sentinel]

  • U.S. housing starts rise in January

    February 16, 2012 03:45PM

    After falling by in December, housing starts increased in January and nearly returned to November’s high on a seasonally-adjusted annual basis, according to data released today by the U.S. Census Bureau and the Department of Housing and Urban Development.

    Overall, housing starts rose 1.5 percent in January from the previous month and stood 9.9 percent above the level recorded in the first month of 2011. [more]

  • The number of new home started nationwide in December fell 4.1 percent from November, according to construction data released today by the U.S. Census Bureau and the Department of Housing and Urban Development.

    Still, builders are optimistic following the release because housing starts on single-family homes rose 4.4 percent from the previous month. [more]

  • While housing construction is slow now, a new report provides some hope for the struggling construction industry. Building permits in October rose 10.9 percent over September’s figure on a seasonally adjusted basis, and now stand 17.7 percent above the rate achieved in October 2010, according to a report from the U.S. Department of Commerce released today. Much of the gain can be attributed to permits for buildings of at least five units, which gained 29.5 percent over September and 62.9 percent compared to the same period a year ago. — Adam Fusfeld[more]