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Housing Starts Increase in March after Dismal February
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You're Now Reading:
Housing Starts Increase in March after Dismal February
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Housing Starts Increase in March after Dismal February
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April 20, 2011 (Jeff Alan)
mortgage-homeconstruction-image
The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) released the New Residential Construction Report for March 2011 showing gains in both housing starts and housing permits following a dismal February report. The jointly released report reveals that privately owned housing starts in March were at a seasonally adjusted rate of 549,000 units, which was an increase of 7.2 percent above the revised February estimate of 512,000 units.

Housing starts are still 13.4 percent lower than March of 2010 which had an adjusted annual rate of 634,000 units.

Both single-family units and buildings with five or more units showed increases for the month with 422,000 starts for single family housing and 117,000 for buildings with five or more units. Compared to February, single family housing starts were 7.7 percent higher from a revised 392,000 starts in the previous month, and buildings with five or more units were 22 percent higher than the 96,000 from the previous month.

Building permits also increased in March as 594,000 were authorized for the month compared to 534,000 in February. The amount of permits authorized is still 13.3 percent less than the same time last year when 685,000 building permits were authorized.

Single-family authorizations increased 5.7 percent to 405,000 compared to February’s figure of 383,000. Permits issued for buildings with five or more units were authorized at a rate of 173,000 for March. Last month that figure was at 121,000.

Building permits are a sign of future building activity and would indicate increased construction activity in future new home construction.

Privately-owned housing completions decreased 14.2 percent in March at a seasonally adjusted rate of 509,000 units compared to February’s 593,000. The number of completions is also far below March of 2010’s rate of 643,000 units.

Single-family homes were completed at a rate of 374,000 units which is 22.2 percent below February’s revised rate of 481,000. The completion rate for buildings with five of more units was at a seasonally adjusted rate of 130,000.

Tags: housing starts, building permits, single family home, construction, buildings with five or more units, housing completions

Sources:
Census Bureau

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

April 20, 2011 (Jeff Alan)
mortgage-homeconstruction-image
The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) released the New Residential Construction Report for March 2011 showing gains in both housing starts and housing permits following a dismal February report. The jointly released report reveals that privately owned housing starts in March were at a seasonally adjusted rate of 549,000 units, which was an increase of 7.2 percent above the revised February estimate of 512,000 units.

Housing starts are still 13.4 percent lower than March of 2010 which had an adjusted annual rate of 634,000 units.

Both single-family units and buildings with five or more units showed increases for the month with 422,000 starts for single family housing and 117,000 for buildings with five or more units. Compared to February, single family housing starts were 7.7 percent higher from a revised 392,000 starts in the previous month, and buildings with five or more units were 22 percent higher than the 96,000 from the previous month.

Building permits also increased in March as 594,000 were authorized for the month compared to 534,000 in February. The amount of permits authorized is still 13.3 percent less than the same time last year when 685,000 building permits were authorized.

Single-family authorizations increased 5.7 percent to 405,000 compared to February’s figure of 383,000. Permits issued for buildings with five or more units were authorized at a rate of 173,000 for March. Last month that figure was at 121,000.

Building permits are a sign of future building activity and would indicate increased construction activity in future new home construction.

Privately-owned housing completions decreased 14.2 percent in March at a seasonally adjusted rate of 509,000 units compared to February’s 593,000. The number of completions is also far below March of 2010’s rate of 643,000 units.

Single-family homes were completed at a rate of 374,000 units which is 22.2 percent below February’s revised rate of 481,000. The completion rate for buildings with five of more units was at a seasonally adjusted rate of 130,000.

Tags: housing starts, building permits, single family home, construction, buildings with five or more units, housing completions

Sources:
Census Bureau

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

April 20, 2011 (Jeff Alan)
mortgage-homeconstruction-image
The U.S. Census Bureau and the Department of Housing and Urban Development (HUD) released the New Residential Construction Report for March 2011 showing gains in both housing starts and housing permits following a dismal February report. The jointly released report reveals that privately owned housing starts in March were at a seasonally adjusted rate of 549,000 units, which was an increase of 7.2 percent above the revised February estimate of 512,000 units.

Housing starts are still 13.4 percent lower than March of 2010 which had an adjusted annual rate of 634,000 units.

Both single-family units and buildings with five or more units showed increases for the month with 422,000 starts for single family housing and 117,000 for buildings with five or more units. Compared to February, single family housing starts were 7.7 percent higher from a revised 392,000 starts in the previous month, and buildings with five or more units were 22 percent higher than the 96,000 from the previous month.

Building permits also increased in March as 594,000 were authorized for the month compared to 534,000 in February. The amount of permits authorized is still 13.3 percent less than the same time last year when 685,000 building permits were authorized.

Single-family authorizations increased 5.7 percent to 405,000 compared to February’s figure of 383,000. Permits issued for buildings with five or more units were authorized at a rate of 173,000 for March. Last month that figure was at 121,000.

Building permits are a sign of future building activity and would indicate increased construction activity in future new home construction.

Privately-owned housing completions decreased 14.2 percent in March at a seasonally adjusted rate of 509,000 units compared to February’s 593,000. The number of completions is also far below March of 2010’s rate of 643,000 units.

Single-family homes were completed at a rate of 374,000 units which is 22.2 percent below February’s revised rate of 481,000. The completion rate for buildings with five of more units was at a seasonally adjusted rate of 130,000.

Tags: housing starts, building permits, single family home, construction, buildings with five or more units, housing completions

Sources:
Census Bureau

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.