US Housing starts posted the biggest increase in more than two years in April. According to the Associated Press, the Commerce Department reported Friday that housing construction rose by 8.2 percent in April to a seasonally adjusted annual rate of 1.03 million units. Most of the growth came from a big jump in apartment construction (apartment building is defined as two or more units), which rose by 36 percent to a seasonally adjusted annual rate of 340,000 units.

Applications for building permits, considered a good sign of future activity, also recorded an increase in April, rising by 4.9 percent to 978,000 units. It was the first gain in permits in five months.

By region of the U.S., construction posted the largest gain in the Midwest, an increase of 24.4 percent when compared to March. Construction rose 18.5 percent in the West and was up 3.6 percent in the South. However, construction fell by 12.7 percent in the Northeast.

Now the interesting thing for me is why haven't we seen any of this? Oh yes - sorry - it's good news!

________________________________________________________________________________________________________

(Copyright © 2008 By Simon L Conway All Rights Reserved.)

Please give me a call if you have questions about the Central Florida real estate market.  You can reach me on 407 876 8200.  Also visit my web site at www.simonconway.net or www.move2orlando.net

Tune in to Simon on The Simon Conway Radio Experience on am1520 WHIM. The show airs in Central Florida at 4pm Eastern and is also available worldwide at  http://www.1520whim.com/

 
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9 Comments on US Housing starts boom in April

Simon- OH no! We can't let this get out, says the media. We need to supress the good news!

05/17/2008 11:29 AM by Nestor & Katerina Gasset, Realtors® Wellington Florida Luxury Homes (International Properties and Investments, Inc.)

Shhhhhhh Katerina - I don't want anyone to find this blog post!! :)

05/17/2008 11:41 AM by Simon Conway (Picket Fence Realty)

America always prevails.

We will again and regardless of who becomes President

05/17/2008 12:01 PM by Owen Zweiback (Coldwell Banker Residential Real Estate)

Not sure I agree with that last comment Owen. We might go to sleep for four years, but prevail against that background of socialism?

05/17/2008 12:26 PM by Simon Conway (Picket Fence Realty)

I hear you, Simon.

I'm concerned greatly too. 

But I don't see you guy's really hopping on board for a MASSIVE Reformation of the conservative movement.  You and many of my esteemed colleages in here don't seem to feel that we need a Revolutionary change to OUR conservative movement.

I expect these kinds of thoughts from few elected senators and house members that we have left because they're afraid to go against the RNC power. They tilt left as the left goes ultra left.

Even if you and all of us vote for and get Senator McCain elected; so what?   Why aren't you guy's in the camp of taking decisive action against the party that you and me and Bill and Hugh and Tim and Kevin and so many other's on here are a part of?

You have power especially with your radio show.  We need to use it properly.. I'm counting on you and other's to help folks like Tim and I work to grow and take the conservative movement back

05/17/2008 12:37 PM by Owen Zweiback (Coldwell Banker Residential Real Estate)

great new simon!

05/17/2008 12:46 PM by Steve Harless (REALTY WORLD LUXURY HOMES -702.217.1680)

Maybe we will hear about it on the radio. What do you think, Simon

I am not teaching today ... I may be in your audience

 

05/17/2008 01:55 PM by Ted Baker (Carmody and Associates LLC)

is the current Florida market as bad as we here on the news. From the national news channels it is all gloom and doom.   Is it leveling off or getting worse?  I am very interested because the Florida market directly affects our market in East Tennesse.

05/18/2008 09:24 PM by Brian Keller (Keller Realty and Auction)

All depends which bit of Florida you are talking about Brian. Central Florida has been bouncing along the bottom for almost a year now. It has in fact started the very slow turn towards recovery.

05/18/2008 09:29 PM by Simon Conway (Picket Fence Realty)

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Real Estate Agent: Simon Conway (Picket Fence Realty)
Simon Conway
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