U.S. Commerce Department

Housing Starts Down but Building Permits Up

Yesterday, Chicagoland Real Estate Forum reported that builder confidence in new home construction improved slightly this month. Today, the U.S. Commerce Department had good news and bad news on new construction. Let’s get the bad out of the way: U.S. housing starts fells 11.7 percent in October to 519,000, the lowest level in 18 months. …

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New Home Starts Rise to a Five-Month High

More positive news for new home construction. The U.S. Commerce Department reported today that residential construction rose last month to its highest level since the federal home buyer’s tax credit ended in April. Though analysts had expected a decline, housing starts actually increased 0.3 percent in the month of September to a seasonally adjusted annual …

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