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Housing starts got off on a stronger footing this year in Pima County, with nearly twice as many permits taken out this January compared with last.
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Single-family permits stay steady at seasonally adjusted rate of 507,000.
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Housing starts in Pima County were surprisingly high in December, largely due to national builder D.R. Horton pulling 60 permits to build new homes.
Economists predict new-home building won't snap back as quickly as it has after previous housing recessions.
We single out the builders and suppliers that should make some noise this year.
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Starts also rise 8.9% to seasonally adjusted pace of 574,000.
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Single-family permits remain flat at seasonally adjusted pace of 451,000.
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Single-family starts rise 3.9% on a monthly basis.
As a demographer, Dowell Myers says he can predict things with certainty. Economists, he says, can barely forecast where interest rates are going over the next three months. “But I can look at someone in the audience and predict with some confidence that in 10 years, they will be 10 years older.”
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Builders will soon need to replace inventory, even if demand for homes remains relatively stable.
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Single-family sector dips in permits, starts.
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Aug. 27--There's a lot of talk about sustainability these days.
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Increase in single-family starts offset by significant dip in multifamily construction activity.
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News that home prices in major U.S. cities registered their first monthly gain in nearly three months has most economists bouncing off their seats to shout about it.
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Construction economists warn builders to brace for higher prices for building materials next year.
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Our mid-year forecast roundup reveals big expectations for 2010.
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Wells Fargo’s Neighborhood Watch survey shows a re-setting of expectations
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Moody’s economist also says housing will not be ‘an early source of growth’ in this recovery.
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Total starts leap 17.2% to seasonally adjusted level of 532,000; permits also rise.
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But single-family starts and permits both show small gains.