Saturday, April 21, 2012

New Construction: Housing Starts Up 10.3% Over March 2011

Building permits, housing starts, and housing completions have all risen over last year.  The latest monthly joint report for new residential construction from the U.S. Census Bureau and the Department of Housing and Urban Development -- containing data through March 2012 -- was released Tuesday, April 17.  The report shows the new housing market continuing to gain traction, as shown in last month's report.

Below is a summary of the latest figures:

Building Permits
  • up 30.1% over March 2011
  • up 4.5%% over February 2012

Housing Starts
  • up 10.3% over March 2011
  • down 5.8% from February 2012

Housing Completions
  • 0.5% above March 2011
  • 4.2% above February 2012

Economic indicators for new residential construction and sales, manufacturing, retail, U.S. international trade, construction spending, and homeownership are released every month by the U.S. Census and Department of Housing and Urban Development.  The next report is due May 16, 2012.

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