{"id":3365,"date":"2012-07-20T12:05:59","date_gmt":"2012-07-20T12:05:59","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3365"},"modified":"2012-07-20T12:05:59","modified_gmt":"2012-07-20T12:05:59","slug":"new-home-building-at-highest-levels","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/new-home-building-at-highest-levels\/","title":{"rendered":"New Home Building at Highest Levels"},"content":{"rendered":"

New Home Building at Highest Level in 3 Years.<\/h2>\n
\"New<\/a>

New Home Building at Highest Level in 3 Years.<\/p><\/div>\n

The\u00a0New Home Building<\/strong> industry continues to dig out of its slump as the pace of construction posts big jumps for single-family and multifamily houses. Builders had a level of starts in June not seen since October 2008, the Commerce Department reported Wednesday.<\/p>\n

New Home Building<\/em>\u00a0starts in June soared 6.9 percent, reaching a seasonally adjusted annual rate of 760,000 units. Broken down, single-family home construction, which makes up the largest segment of those new housing starts, increased 4.7 percent in June. Multifamily housing starts, considered a volatile segment of the market, jumped 12.8 percent last month.<\/p>\n

New Home Building\u00a0starts were nearly 24 percent higher in June compared to last year at that time.<\/h3>\n

\u201cHousing continues to be the one sector of the U.S. economy that is outperforming expectations,\u201d Michael Gapen, an economist at Barclays, told Reuters.<\/p>\n

Still, while\u00a0New Home Building<\/span> starts posted a big leap in June, new housing permits \u2014 a gauge of future building \u2014 dropped 3.7 percent in June.<\/p>\n

Source: \u201cHousing Starts Are Up, but Building Permits Decline<\/a>,\u201d Reuters (July 18, 2012)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

New Home Building at Highest Level in 3 Years. The\u00a0New Home Building industry continues to dig out of its slump as the pace of construction posts big jumps for single-family and multifamily houses. Builders had a level of starts in June not seen since October 2008, the Commerce Department reported Wednesday. New Home Building\u00a0starts in … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-3365","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nNew Home Building at Highest Levels - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"New Home Building at Highest Levels. 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