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New Housing Construction Activity Increases in May
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New Housing Construction Activity Increases in May
The Easy Way to Shop For a Mortgage Loan
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Receive Multiple Offers. Save Money.
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New Housing Construction Activity Increases in May
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June 16, 2011 (Chris Moore)

New residential construction received a boost in May as building permits, housing starts, and housing completions all experienced gains according to the latest data released by the Census Bureau.

Privately owned housing starts increased by 3.5 percent in May, 2011, compared to April with a seasonally adjusted annual rate of 560,000 starts reported in May compared to April’s revised estimate of 541,000 housing starts. Housing starts are still below May of 2010’s rates which were at a seasonally adjusted rate of 580,000.

Single-family housing starts in May increased from April’s figure of 404,000 to 419,000, an increase of 3.7 percent, and multi-family dwellings increased from 114,000 starts in April to 134,000 in May.

Building permits in May were also more robust than April as builders were authorized a seasonally adjusted annual rate of 612,000 permits compared to 563,000 in April. It was also an increase from May of last year, which had an estimated 582,000 permits authorized.

Single-family building permit authorizations were 2.5 percent higher in May than April with 405,000 permits authorized compared to 395,000 in April. Multi-family dwelling permits in May soared to 190,000 authorizations compared to 143,000 in April.

Housing completions experienced a small increase in May compared to April with a seasonally adjusted annual rate of 544,000 completions reported. That was just above April’s 542,000 completions but far below the May 2010 rate of 702,000.

Single-family completions in May were at a rate of 431,000 compared to April’s 419,000. Multi-family completions in May were at a rate of 108,000 completions compared to April’s count of 118,000.

Regionally, housing starts increased in two of the four regions with the Northeast and the Midwest experiencing declines (-3.3% and -4.1%, respectively) and the South and West experiencing gains (1.5% and 18.1%, respectively). All regions experienced declines compared to the same month last year.

Building permits soared in May for multi-family dwellings in the Northeast as permit authorizations increased 35.6 percent. Single-family permits in the same region declined 5.3 percent. The other three regions reported gains in both single-family and multi-family dwelling permits with the exception of the Midwest which saw a slight, 1.1%, decline in multi-family dwelling permit authorizations.

Tags: housing starts, single-family homes, multi-family dwellings, building permits, housing completions

Source:
Census Bureau

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June 16, 2011 (Chris Moore)

New residential construction received a boost in May as building permits, housing starts, and housing completions all experienced gains according to the latest data released by the Census Bureau.

Privately owned housing starts increased by 3.5 percent in May, 2011, compared to April with a seasonally adjusted annual rate of 560,000 starts reported in May compared to April’s revised estimate of 541,000 housing starts. Housing starts are still below May of 2010’s rates which were at a seasonally adjusted rate of 580,000.

Single-family housing starts in May increased from April’s figure of 404,000 to 419,000, an increase of 3.7 percent, and multi-family dwellings increased from 114,000 starts in April to 134,000 in May.

Building permits in May were also more robust than April as builders were authorized a seasonally adjusted annual rate of 612,000 permits compared to 563,000 in April. It was also an increase from May of last year, which had an estimated 582,000 permits authorized.

Single-family building permit authorizations were 2.5 percent higher in May than April with 405,000 permits authorized compared to 395,000 in April. Multi-family dwelling permits in May soared to 190,000 authorizations compared to 143,000 in April.

Housing completions experienced a small increase in May compared to April with a seasonally adjusted annual rate of 544,000 completions reported. That was just above April’s 542,000 completions but far below the May 2010 rate of 702,000.

Single-family completions in May were at a rate of 431,000 compared to April’s 419,000. Multi-family completions in May were at a rate of 108,000 completions compared to April’s count of 118,000.

Regionally, housing starts increased in two of the four regions with the Northeast and the Midwest experiencing declines (-3.3% and -4.1%, respectively) and the South and West experiencing gains (1.5% and 18.1%, respectively). All regions experienced declines compared to the same month last year.

Building permits soared in May for multi-family dwellings in the Northeast as permit authorizations increased 35.6 percent. Single-family permits in the same region declined 5.3 percent. The other three regions reported gains in both single-family and multi-family dwelling permits with the exception of the Midwest which saw a slight, 1.1%, decline in multi-family dwelling permit authorizations.

Tags: housing starts, single-family homes, multi-family dwellings, building permits, housing completions

Source:
Census Bureau

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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
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REVIEW YOUR OFFERS
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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.
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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.

June 16, 2011 (Chris Moore)

New residential construction received a boost in May as building permits, housing starts, and housing completions all experienced gains according to the latest data released by the Census Bureau.

Privately owned housing starts increased by 3.5 percent in May, 2011, compared to April with a seasonally adjusted annual rate of 560,000 starts reported in May compared to April’s revised estimate of 541,000 housing starts. Housing starts are still below May of 2010’s rates which were at a seasonally adjusted rate of 580,000.

Single-family housing starts in May increased from April’s figure of 404,000 to 419,000, an increase of 3.7 percent, and multi-family dwellings increased from 114,000 starts in April to 134,000 in May.

Building permits in May were also more robust than April as builders were authorized a seasonally adjusted annual rate of 612,000 permits compared to 563,000 in April. It was also an increase from May of last year, which had an estimated 582,000 permits authorized.

Single-family building permit authorizations were 2.5 percent higher in May than April with 405,000 permits authorized compared to 395,000 in April. Multi-family dwelling permits in May soared to 190,000 authorizations compared to 143,000 in April.

Housing completions experienced a small increase in May compared to April with a seasonally adjusted annual rate of 544,000 completions reported. That was just above April’s 542,000 completions but far below the May 2010 rate of 702,000.

Single-family completions in May were at a rate of 431,000 compared to April’s 419,000. Multi-family completions in May were at a rate of 108,000 completions compared to April’s count of 118,000.

Regionally, housing starts increased in two of the four regions with the Northeast and the Midwest experiencing declines (-3.3% and -4.1%, respectively) and the South and West experiencing gains (1.5% and 18.1%, respectively). All regions experienced declines compared to the same month last year.

Building permits soared in May for multi-family dwellings in the Northeast as permit authorizations increased 35.6 percent. Single-family permits in the same region declined 5.3 percent. The other three regions reported gains in both single-family and multi-family dwelling permits with the exception of the Midwest which saw a slight, 1.1%, decline in multi-family dwelling permit authorizations.

Tags: housing starts, single-family homes, multi-family dwellings, building permits, housing completions

Source:
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.