Buy a house in New Richmond, WI - Building Permits Up 4.5 Percent In March

By
Mortgage and Lending with Bridgeview Bank

The U.S. Census Bureau and the Department of Housing and Urban Development’s New Residential Construction report for March shows permits to build privately-owned housing units rose 4.5 percent in March. Permits were at a seasonally adjusted annual rate of 747,000, which is 30.1 percent above last March’s estimate. But though permits were up for the month, housing starts fell 5.8 percent from February to a seasonally adjusted annual rate of 654,000. Still, new residential construction is 10.3 percent above last year’s level and single-family housing starts were down just 0.2 percent for the month, which indicates the decline was due largely to a drop in multifamily construction. Also in the report, housing completions rose 4.2 percent in March.

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Topic:
Real Estate Market Trends
Location:
Wisconsin Saint Croix County New Richmond
Tags:
interest rates
lender
fha
first time home buyer
bank
fannie mae
freddiemac
wi
conventional loans
va
mortgage
buy a house in new richmond

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