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Tag Archives: Permits

Low Inventory Impacted by Stagnant Home Starts

The Department of Housing and Urban Development along with the U.S. Census Bureau released their April New Residential Construction Activity Report on Tuesday. Year-over-year, Permits, Starts and Completions increased 5.7 percent, barely increased 0.7 percent and increased 15.1 percent respectively. However, number shave fallen month-over-month.

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Housing Starts Fall, Permits Up in March

Despite a strong February, housing starts have fell almost seven percent in March. Although sing-family starts dropped, single-family permits posted the third largest annual pace since the recession. Permits in March grew 3.6 percent to 1.26 million from February’s 1.216 million, and grew year-over-year by 17 percent.

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