By Adrienne Francis
The housing market continued to show excellent improvement with housing starts
posting a larger-than-expected increase in September,surging to 15.0 percent.
The data for August was also revised upward.
The most impressive part of the report is the increase in single family starts which
have risen in six of the past seven months.
With single-family home starts rising to a 603,000-unit pace, it is now at the
highest level since the Lehman Brothers collapse. The better news is with
single-family permits which rose 6.7 percent to 545,000, making it the highest
level since July 2008.
Single-family permits are up 27.3 percent from last year. This is still below the level
of starts, which indicates new construction may level off or even pull back slightly
during the slow fall and winter months.
That said, expect single family home starts to increase 25.4 percent over last year,
ending the year at around 540,000 units.
Despite some expected volatility month to month, the increase reflects a true bottom
and we should expect the trend to continue.
If I can help you with any additional information regarding this article, or with any of your home buying or selling needs or if you know someone who would like some assistance, please feel free to visit my website to learn more about me www.AdrienneFrancis.com or text or call me at (201) 259-4449 . Email me at email@example.com