home priceshome supply and demandmasspequa homes for saleamityville real estatelong island homes for sale: Good News For Sellers — Housing Starts Plummet In February
- 03/18/11 05:20 AM
Single-family housing starts plunged unexpectedly last month. Nationwide, starts fell 12 percent from the month prior; and 29 percent from February of last year. February’s figures represents the worst 1-month drop in housing starts since May 2010 — the month that followed the expiration of last year’s federal home buyer tax credit — and puts single-family housing starts at a 24-month low. In addition, single-family Building Permits plunged last month, too, shedding 9 percent from January. A building permit is a local government’s certification and approval to begin home construction. Housing permits are an excellent forward-indicator for the housing market. This … (0 comments)
Single-family housing starts plunged unexpectedly last month. Nationwide, starts fell 12 percent from the month prior; and 29 percent from February of last year.
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