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Tag Archives: Housing Permits

Leading Indicators Show Signs of Economic Stability

The Conference Board’s Leading Economic Index (LEI) for January increased 0.3 percent to 99.5, the group reported Thursday. Also released Thursday were the Conference Board Coincident Economic Index and the Lagging Economic Index, which both ticked up slightly. Together, the three indexes represent observed changes in average weekly hours, building permits, stock prices, consumer expectations for business conditions, and more.

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January Housing Starts Plummet

The Census and HUD announced jointly Wednesday that housing starts in January ran at a seasonally adjusted annual rate of 880,000, a 16 percent decline from December. The drop in starts came during a month in which homebuilder confidence in the single-family market (as measured by the National Association of Home Builders) measured at an index value of 57, reflecting general optimism.

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Housing Starts Reach Highest Rate in Almost 6 Years

November saw new housing starts jump to a nearly six-year high, the Census Bureau and HUD revealed Wednesday in a joint release. According to initial estimates, starts ran at a seasonally adjusted annual rate of 1.09 million, a 22.7 percent spike from October and the highest rate since February 2008. Single-family housing starts contributed 727,000 (adjusted annual rate) to November's total, while the rate for multifamily buildings was about 354,000.

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Increasing Housing Permits Indicate Stability

Growing amounts of housing permits, improving home prices, and positive job numbers are leading to a stabilized housing market according to analysts. Recent studies revealed that markets in 54 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI). However, policymakers still need to watch their footing.

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Housing Permits Climb to 5 1/2-Year High in October

The Census Bureau and HUD jointly released their data on building permits for September and October, with data on housing starts and completions postponed due to a lack of funds as a result of the government shutdown. In October, privately owned housing units authorized by building permits were at a seasonally adjusted rate of 1.034 million--the strongest figure since June 2008. Permit activity picked up for both single- and multifamily properties.

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Report: Housing Up to 85% of Pre-Recession Activity

A new index from the National Association of Home Builders (NAHB) and First American suggests that about one in seven housing markets have returned to or surpassed their pre-recessionary levels of activity. According to the association, the index registered a score of 0.85 nationwide, indicating that the national housing market is running at 85 percent of normal activity. Of the nearly 350 metro markets examined, 52 have reported levels of activity at least equal to those before the recession hit.

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Single-Family Permits, Starts Up in August

Led by the strongest gain for single-family construction this, year, the pace of housing starts edged up 0.9 percent in August, the Census Bureau and HUD reported Wednesday. Builders broke ground in August on new homes at a seasonally adjusted annual rate of 891,000--up from a revised 883,000 in July--and filed for permits at the seasonally adjusted annual rate of 918,000, down from 954,000 in July. The gain in both single-family permits and starts came amid signs of improving builder confidence.

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Report: Jobs Recovery to Drive Up Home Prices

Even as housing inventory starts to recover, the basic fundamentals of supply and demand--as measured by new starts versus job growth across the nation--point to continued price growth, according to one expert at John Burns Real Estate Consulting. Nationally, the employment growth-to-permit (E/P) ratio is 2.5, up from 2.3 last year and well above the "equilibrium level" of 1.2. Eighteen of the top 20 markets have an E/P ratio higher than the equilibrium.

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