Housing Starts Increase, Single Family Attributed

by bkrigbaum@solagroup.com








The U.S. Commerce Department
released numbers this week showing nationwide housing starts rose 3.9
percent in November. All regions throughout the U.S. experience growth
except the Northeast which experienced a 2.5 decline.

Overall, this report is good news and shows a “first upward movement in
new-home production since August,” cites the National
Association of Home Builder’s

coverage.

NAHB attributes positive numbers to single-family construction which
experienced a 6.9 percent increase in housing starts in November.

“Builders are very cautiously adding to their diminished inventories in
preparation for the spring buying season and an anticipated modest
revival in buyer demand when the economy shows
more signs of improvement,” said Bob Jones, chairman of NAHB, and a
home builder from Bloomfield Hills, Mich.

Residential Design + Build
columnist Joseph Dellanno
said
this week that his company is steadily seeing more work. Dellanno is
located in Massachusetts.

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