Home : Blogs : Jude Sandvall : Jude's Real Estate Blog

Housing starts post surprising rebound

An article from MSNBC.com, reports that during the worst downturn in housing in more than two decades, construction of new homes posted the biggest increase in more than two years in April. According to the Commerce Department, housing construction rose by 8.2% in April to a seasonally adjusted annual rate of 1.03 million units. The growth came from a big increase in apartment construction. Apartment building, defined as two or more units, jumped by 36% to a seasonally adjusted annual rate of 340,000 units, while the larger single-family sector dropped by 1.7% to an annual rate of 692,000 units. Considered a good sign of future activity, applications for building permits also recorded an increase in April, rising by 4.9% to 978,000 units. This was the first gain in permits in five months.
http://www.msnbc.msn.com/id/24664672/

http://www.judesandvall.com

http://www.judesandvallloans.com

Posted by Jude Sandvall on 05/29/2008 01:16 PM

Comments (0)

housing starts

0 Comments on Housing starts post surprising rebound

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?

Real Estate Agent: Jude Sandvall (Realty Executives of Aurora)

Jude Sandvall
Aurora, CO
More about me…
Realty Executives of Aurora

Office Phone: (303) 690-2322
Cell Phone: (720) 427-1021
Email Me

www.flickr.com

More of auroraREguy's photos

Links

Tags (Tag Cloud)

Archives

Find CO real estate agents and Aurora real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved