Search
  • Metro East REIA

Housing Starts Up 3.6% in May

The U.S. government is reporting that privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,572,000, which is 3.6% higher than April’s revised number. However, this figure is 50.3% higher than one year ago. May’s rate for units in buildings with five units or more was 465k. Privately‐owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,681,000, which was 3% lower than April’s revised number. Authorizations of units in buildings with five units or more were at a rate of 494k in May. Continue reading HERE...

2 views0 comments

Recent Posts

See All

Housing Starts Up 6.3% in June

The U.S. government is reporting that privately‐owned housing starts in June were at a seasonally adjusted annual rate of 1,643,000, which is 6.3% higher than May’s revised number. However, this figu

Existing Home Sales Up 1.4% in June

The National Association of Realtors is reporting that existing home sales were up 1.4% in June to a seasonally-adjusted annual rate of 5.86 million (up 22.9% from one year ago). Total housing invent

Rise of the Sister Cities

The Pandemic has altered life as we know it in many ways – some of which are becoming more apparent every day. John Burns Real Estate Consulting says many buyers & renters that are no longer required