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  • Metro East REIA

Building Permits Up 6.2%

The U.S. government is reporting that privately‐owned housing starts in November were at a seasonally adjusted annual rate of 1,547,000, which is 1.2% above October’s revised number. November’s rate for units in buildings with five units or more was 352k. Privately‐owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,639,000, which was 6.2% higher than October’s revised number. Continue reading HERE...

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Existing-Home Sales Up 3.1% in January

The National Association of Realtors is reporting that existing home sales were up 3.1% in January to a seasonally-adjusted annual rate of 4 million (down 1.7% year over year). Total housing inventor

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