According to a joint release from the U.S. Census Bureau and the Department of Housing and Urban Development, Housing Starts rose 3.6% in October 2012, climbing to a seasonally-adjusted, annualized rate of 894,000 units.
New Home Supply Remains Firmly In “Seller’s Market” Territory
According to the U.S. Census Bureau, the number of new homes sold slipped 0.3 percent in August 2012 to a seasonally-adjusted, annualized 373,000 units sold.
Single-Family Housing Starts Remain Strong
Single-family housing starts were above 500,000 for the fourth straight month in July, a mark not met since the federal home buyer tax credit of 2010.
New Home Sales Slow After Fast Start To 2012
Sales of new homes slipped 8 percent in June.
