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New home construction shows modest increase in July; Numbers for 2009 still way below 2008

This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for July 2009 showing a slight increase in new home construction activity from June.

The report shows the following:

Building permits issued for single-family residences in July were at an annual rate of [...]

New home building permits and construction increase in May

By: Dennis Norman

This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for May 2009 showing a slight increase in new home construction activity.

The report shows the following:

Building permits issued for single-family residences in May were at an annual rate of 408,000 [...]

Home prices plummet..Sales rise…The law of supply and demand at work?

By: Dennis Norman

I am not an economist and don’t have a PhD…in fact I think the closest I ever came to an academic course in economics was a business management class in high school.  However, having said that, I think it is pretty clear that what is going on in the housing market now is [...]

Building permits for new homes drop almost 50%

By: Dennis Norman

 

Today the US Department of Commerce released a report on new residential construction for November 2008.  Like so many real estate-related reports we are seeing today it was not pretty.  The report, a joint release of the US Census Bureau and the US Department of Housing and Urban Development says [...]