WASHINGTON A rebound in groundbreaking for US homes in April suggested the housing market recovery was gaining some traction, even though permits for future building fell. The Commerce Department stated housing starts increased 2.6 per cent to a seasonally adjusted annual rate of 717,000 units. March’s starts were revised up to a 699,000-unit pace from a previously reported 654,000 unit rate.
By Robert Skole, Commercial St. You may recall that not too many years ago the pushcarts were run by, let’s say, colorful local businessmen.
Investors had quite a bit of economic data to sift through last week. Housing starts declined by almost 6 percent in March, but building permits – a gauge of future building activity – rose 4.5 percent. It was its highest level in 3 and a half years. Sales of previously owned homes fell 2.6 percent in March highlighting the fragile recovery.
Building permits rose to their highest level in more than three years in March, a signal the housing market will continue its gradual recovery this year. Permits, which provide a gauge for future building, were up 4.5 percent to a seasonally adjusted annual rate of 747,000 in March, the ideal performance since September 2008, the Commerce Department stated Tuesday.
Thousand Oaks resident Rita Vashti is grateful for the non-profit grocery shopping and delivery service Shop Ahoy. At 79, she no longer drives, and her closest family member lives in Encino. Even if she takes Dial-A-Ride to the market, carrying the packages and putting away her buys is a hardship.
Housing starts may be down but permits are up, according to the latest federal data released Nov. 18. The new home market is down, but it’s not dead, with the latest numbers on construction showing signs of improvement. Builders broke ground on fewer homes in October, but construction was sharply higher than a year ago, and one measure of future building activity rose, according to monthly data released in Washington by the Census Bureau and Department of Housing and Urban ...
U.S. housing starts declined 1.5% in July to 604K units from a downwardly revised 613K units in June. Today’s report just surpassed market expectations for a 600K reading. Single-family housing starts declined 4.9%, while the volatile multifamily sector rose 7.8%. In a negative omen of future building activity, permits inched 3.2% lower.
Investors had several earnings and economic reports to examine last week. Companies such as Apple, IBM and Coca Cola reported very strong second quarter earnings. Housing starts jumped almost 15 percent in June, and building permits — a gauge of future building activity — also grew, and new claims for jobless benefits rose by 10,000 last week as the labor market remains weak.
This week wewon’t be looking at charts, but instead discussing the most important macro issues that will determine thefuture trends of all asset classes. However, thefacts remain the same.
Press Release Source: Reportlinker On Monday June 20, 2011, 7:01 am EDT NEW YORK, June 20, 2011 /PRNewswire/ — Reportlinker.com announces that a new market research report is available in its catalogue: World Handset RF Semiconductor Market The global trend in the handset industry has evolved rapidly in most countries from a easy voice service to the current video broadcasting.