Permits for private homes in US hit 14-month high

The number rose 4.6 percent

TRD LOS ANGELES /
Feb.February 16, 2017 11:30 AM

From the New York website: Permits filed in January for private homes across the U.S. soared to the highest level seen in 14 months, according to the latest data from the U.S. Department of Commerce.

The number of permits rose 4.6 percent to a seasonally adjusted annual rate of 1.285 million, the Wall Street Journal reported. Permits for multi-unit homes climbed 19.8 percent, while single-family permits dropped 2.7 percent.

Meanwhile, housing starts declined 2.6 percent nationwide. In the Northeast, the number of permits issued last month for privately-owned units rose 71.3 percent year-over-over.

An analysis by The Real Deal last month found that approved residential construction permits and new permit applications in New York City plunged in 2016[WSJ]  — Kathryn Brenzel


Related Articles

arrow_forward_ios
Malibu Real Estate Investments principals Bedros Oruncakiel and Kirkor Suri

Malibu spec mansion lists amid softening luxury market

Malibu spec mansion lists amid softening luxury market
Chandler Parsons and his property on Stone Canyon Road (Credit: Getty Images)

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion

Durant wants out of Malibu, and now Chandler Parsons is listing his Bel Air mansion
CoreLogic's Andrew LePage and Orange County (Credit: Wikipedia)

SoCal housing market shows signs of life, with a caveat: report

SoCal housing market shows signs of life, with a caveat: report
Bridge Housing CEO Cynthia Parker and a rendering of the view from Walnut and Anaheim (Credit: SVA Architects)

Fully affordable complex set to rise in vacant Long Beach lot

Fully affordable complex set to rise in vacant Long Beach lot
Tracy Tutor and her Brentwood home

Tracy Tutor of “Million Dollar Listing ” asking a lot more for Brentwood home

Tracy Tutor of “Million Dollar Listing ” asking a lot more for Brentwood home
Anton Lessine and 321 South Bristol Avenue, and Behati Prinsloo and Adam Levine with their home (Credit: Getty Images and Zillow)

This week in celeb real estate: Adam Levine unloads $45M home, a Hollywood film producer sells in Brentwood…and more

This week in celeb real estate: Adam Levine unloads $45M home, a Hollywood film producer sells in Brentwood…and more
Anton Lessine and 321 South Bristol Avenue (Credit: Getty Images)

Hollywood producer Anton Lessine sells Brentwood Park mansion for $17M

Hollywood producer Anton Lessine sells Brentwood Park mansion for $17M
Andy Reid, the President of MetroStudy

The great SoCal slowdown: Homebuilding drops 18%

The great SoCal slowdown: Homebuilding drops 18%
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...