Tuesday, April 19, 2011

New Housing Starts

Data on New Building Permits and Housing Starts was released today and continued the trend of mixed market news.  Both permits and starts increased significantly of February, but both were lower than the March 2010 data.  The western region saw a greater increase in month-to-month starts, with March up over 27% from February, but a greater decline in year-to-year starts, down 18% from last year. 


New Permits (seasonally adjusted):
  • March 2011 - 594,000
  • February 2011 - 534,000
  • March 2010 - 685,000
New Housing Starts (seasonally adjusted):
  • March 2011 - 549,000
  • February 2011 - 515,000
  • March 2010 - 634,000
If you are thinking about buying new construction or building a home, give me a call (360-977-8329) or send me an e-mail at johnblom@hasson.com.  I can help you walk through the pros and cons of new construction and help you find the builder and location that is right for you!

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John Blom
Your Porltand and Vancouver WA Realtor