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Housing Starts Fall in July, Multi-Family Completions Skyrocket
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
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It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Housing Starts Fall in July, Multi-Family Completions Skyrocket
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
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Pick the service you desire below
Housing Starts Fall in July, Multi-Family Completions Skyrocket

August 20, 2012 (Chris Moore)

Housing starts continued their bumpy up and down ride in July by following June’s revised 6.8 percent increase with a 1.1 percent decline according to the latest data released by the Census Bureau.

Filings for building permits increased for the month as both single-family and multi-family permits posted increases while the number of completed single-family homes fell during July but the number of multi-family units increased by over fifty percent from the previous month.

Housing Starts:

Privately owned housing starts fell by 1.1 percent to a seasonally adjusted annual rate of 746,000 in July from a revised estimate of 754,000 in June. Housing starts were still 21.5 percent higher than in July 2011 which had an estimated 614,000 starts.

Single-family housing starts declined in July to a seasonally adjusted annual rate of 502,000, down 6.5 percent from a revised estimate of 537,000 starts in June and but were still 17.0 percent higher than in July of last year when an estimated 429,000 starts were reported.

Housing starts for multi-family dwellings improved by 9.6 percent from a revised rate of 209,000 starts in June to a seasonally adjusted rate of 229,000 starts in July. Housing starts for multi-family dwellings were 30.1 percent higher than a year ago when an estimated 176,000 starts were recorded.

Regionally, monthly housing starts fell in three of the four regions with the West posting the largest decline of 5.3 percent, followed by the South at 3.5 percent and the Northeast with a decline of 1.3 percent while the Midwest posted the only increase of 17.0 percent.

Compared to a year ago, three of the four regions posted increases in housing starts with the West posting the largest increase of 48.1 percent, followed by the Midwest and the South at 28.6 and 16.8 percent, respectively, while the Northeast reported the only decline of 10.5 percent.

Building Permits:

The number of building permits issued in July climbed to a seasonally adjusted annual rate of 812,000, up 6.8 percent from a revised estimate of 760,000 permits in June. Authorized building permits were 29.5 percent higher than the July 2011 estimate of 627,000.

Single-family building permit authorizations were 4.5 percent higher in July than June with 513,000 permits authorized in July compared to a revised 491,000 in June. Building permit authorizations for single-family homes were 19.0 percent higher than in July of last year which had an estimated 417,000 permits issued.

Multi-family dwelling permits in July jumped to 274,000 authorizations from a revised total of 248,000 in June, an increase of 10.5 percent. Authorizations for multi-family dwellings were 47.3 percent higher than in July of last year which had an estimated 186,000 authorizations.

Building permit authorizations increased in three of the four regions in July compared to June. In the West, authorizations rose by 14.0 percent followed by increases of 12.2 percent in the Northeast and 5.8 percent in the South. The Midwest suffered the only decline, falling 4.2 percent from June to July.

Year-over-year, building permit authorizations increased in all four regions with the West posting the largest increase of 53.8 percent, followed by the Northeast which posted a 43.8 percent increase and South and the Midwest saw gains of 21.8 and 14.0 percent, respectively.

Housing Completions:

Housing completions increased by 7.1 percent from June to July with a seasonally adjusted annual rate of 668,000 completions reported in July compared to June’s revised estimate of 624,000 completions. Housing completions were 5.4 percent higher than in July of last year when an estimated 634,000 completions were reported.

Single-family completions in July were at an annual rate of 448,000 units, which was 5.9 percent lower than June’s revised rate of 476,000 and 7.2 percent below last year’s rate of 483,000 units. Multi-family completions in July were at a rate of 209,000 units, 58.3 percent higher than the 132,000 units completed in June and 47.2 percent higher than the 142,000 completions in July of last year.

Tags: housing starts, single-family homes, multi-family dwellings, building permits, housing completions

Source:
Census Bureau

INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 20, 2012 (Chris Moore)

Housing starts continued their bumpy up and down ride in July by following June’s revised 6.8 percent increase with a 1.1 percent decline according to the latest data released by the Census Bureau.

Filings for building permits increased for the month as both single-family and multi-family permits posted increases while the number of completed single-family homes fell during July but the number of multi-family units increased by over fifty percent from the previous month.

Housing Starts:

Privately owned housing starts fell by 1.1 percent to a seasonally adjusted annual rate of 746,000 in July from a revised estimate of 754,000 in June. Housing starts were still 21.5 percent higher than in July 2011 which had an estimated 614,000 starts.

Single-family housing starts declined in July to a seasonally adjusted annual rate of 502,000, down 6.5 percent from a revised estimate of 537,000 starts in June and but were still 17.0 percent higher than in July of last year when an estimated 429,000 starts were reported.

Housing starts for multi-family dwellings improved by 9.6 percent from a revised rate of 209,000 starts in June to a seasonally adjusted rate of 229,000 starts in July. Housing starts for multi-family dwellings were 30.1 percent higher than a year ago when an estimated 176,000 starts were recorded.

Regionally, monthly housing starts fell in three of the four regions with the West posting the largest decline of 5.3 percent, followed by the South at 3.5 percent and the Northeast with a decline of 1.3 percent while the Midwest posted the only increase of 17.0 percent.

Compared to a year ago, three of the four regions posted increases in housing starts with the West posting the largest increase of 48.1 percent, followed by the Midwest and the South at 28.6 and 16.8 percent, respectively, while the Northeast reported the only decline of 10.5 percent.

Building Permits:

The number of building permits issued in July climbed to a seasonally adjusted annual rate of 812,000, up 6.8 percent from a revised estimate of 760,000 permits in June. Authorized building permits were 29.5 percent higher than the July 2011 estimate of 627,000.

Single-family building permit authorizations were 4.5 percent higher in July than June with 513,000 permits authorized in July compared to a revised 491,000 in June. Building permit authorizations for single-family homes were 19.0 percent higher than in July of last year which had an estimated 417,000 permits issued.

Multi-family dwelling permits in July jumped to 274,000 authorizations from a revised total of 248,000 in June, an increase of 10.5 percent. Authorizations for multi-family dwellings were 47.3 percent higher than in July of last year which had an estimated 186,000 authorizations.

Building permit authorizations increased in three of the four regions in July compared to June. In the West, authorizations rose by 14.0 percent followed by increases of 12.2 percent in the Northeast and 5.8 percent in the South. The Midwest suffered the only decline, falling 4.2 percent from June to July.

Year-over-year, building permit authorizations increased in all four regions with the West posting the largest increase of 53.8 percent, followed by the Northeast which posted a 43.8 percent increase and South and the Midwest saw gains of 21.8 and 14.0 percent, respectively.

Housing Completions:

Housing completions increased by 7.1 percent from June to July with a seasonally adjusted annual rate of 668,000 completions reported in July compared to June’s revised estimate of 624,000 completions. Housing completions were 5.4 percent higher than in July of last year when an estimated 634,000 completions were reported.

Single-family completions in July were at an annual rate of 448,000 units, which was 5.9 percent lower than June’s revised rate of 476,000 and 7.2 percent below last year’s rate of 483,000 units. Multi-family completions in July were at a rate of 209,000 units, 58.3 percent higher than the 132,000 units completed in June and 47.2 percent higher than the 142,000 completions in July of last year.

Tags: housing starts, single-family homes, multi-family dwellings, building permits, housing completions

Source:
Census Bureau

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WE MAKE IT SIMPLE
WE'VE GOT ANSWERS
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
HOME SELLING TIPS
If you are thinking of selling your home, chances are you’re caught up in a mass of emotions. Needs change and although you may be looking forward to this new adventure, you'll probably find yourself reluctant to leave your memories behind and face the overwhelming task of selling your home and moving.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

August 20, 2012 (Chris Moore)

Housing starts continued their bumpy up and down ride in July by following June’s revised 6.8 percent increase with a 1.1 percent decline according to the latest data released by the Census Bureau.

Filings for building permits increased for the month as both single-family and multi-family permits posted increases while the number of completed single-family homes fell during July but the number of multi-family units increased by over fifty percent from the previous month.

Housing Starts:

Privately owned housing starts fell by 1.1 percent to a seasonally adjusted annual rate of 746,000 in July from a revised estimate of 754,000 in June. Housing starts were still 21.5 percent higher than in July 2011 which had an estimated 614,000 starts.

Single-family housing starts declined in July to a seasonally adjusted annual rate of 502,000, down 6.5 percent from a revised estimate of 537,000 starts in June and but were still 17.0 percent higher than in July of last year when an estimated 429,000 starts were reported.

Housing starts for multi-family dwellings improved by 9.6 percent from a revised rate of 209,000 starts in June to a seasonally adjusted rate of 229,000 starts in July. Housing starts for multi-family dwellings were 30.1 percent higher than a year ago when an estimated 176,000 starts were recorded.

Regionally, monthly housing starts fell in three of the four regions with the West posting the largest decline of 5.3 percent, followed by the South at 3.5 percent and the Northeast with a decline of 1.3 percent while the Midwest posted the only increase of 17.0 percent.

Compared to a year ago, three of the four regions posted increases in housing starts with the West posting the largest increase of 48.1 percent, followed by the Midwest and the South at 28.6 and 16.8 percent, respectively, while the Northeast reported the only decline of 10.5 percent.

Building Permits:

The number of building permits issued in July climbed to a seasonally adjusted annual rate of 812,000, up 6.8 percent from a revised estimate of 760,000 permits in June. Authorized building permits were 29.5 percent higher than the July 2011 estimate of 627,000.

Single-family building permit authorizations were 4.5 percent higher in July than June with 513,000 permits authorized in July compared to a revised 491,000 in June. Building permit authorizations for single-family homes were 19.0 percent higher than in July of last year which had an estimated 417,000 permits issued.

Multi-family dwelling permits in July jumped to 274,000 authorizations from a revised total of 248,000 in June, an increase of 10.5 percent. Authorizations for multi-family dwellings were 47.3 percent higher than in July of last year which had an estimated 186,000 authorizations.

Building permit authorizations increased in three of the four regions in July compared to June. In the West, authorizations rose by 14.0 percent followed by increases of 12.2 percent in the Northeast and 5.8 percent in the South. The Midwest suffered the only decline, falling 4.2 percent from June to July.

Year-over-year, building permit authorizations increased in all four regions with the West posting the largest increase of 53.8 percent, followed by the Northeast which posted a 43.8 percent increase and South and the Midwest saw gains of 21.8 and 14.0 percent, respectively.

Housing Completions:

Housing completions increased by 7.1 percent from June to July with a seasonally adjusted annual rate of 668,000 completions reported in July compared to June’s revised estimate of 624,000 completions. Housing completions were 5.4 percent higher than in July of last year when an estimated 634,000 completions were reported.

Single-family completions in July were at an annual rate of 448,000 units, which was 5.9 percent lower than June’s revised rate of 476,000 and 7.2 percent below last year’s rate of 483,000 units. Multi-family completions in July were at a rate of 209,000 units, 58.3 percent higher than the 132,000 units completed in June and 47.2 percent higher than the 142,000 completions in July of last year.

Tags: housing starts, single-family homes, multi-family dwellings, building permits, housing completions

Source:
Census Bureau

HOME LOANS CAN BE CONFUSING
YOU'VE GOT QUESTIONS
WHAT TYPE OF MORTGAGE LOANS ARE AVAILABLE?
DO I QUALIFY FOR A GOVERNMENT INSURED LOAN?
WHAT CAN I EXPECT FOR A MORTGAGE INTEREST RATE?
WE MAKE IT SIMPLE
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CALCULATE YOUR MORTGAGE PAYMENT
BENEFITS OF REFINANCING YOUR MORTGAGE
ADVANTAGES OF GETTING PRE-APPROVED FOR A LOAN
THINKING OF BUYING
A NEW CAR?

WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
INSIDER CAR BUYING TIPS
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
BUYING VS LEASING
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
DEALER OR BANK FINANCING
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
BUYING ON THE INTERNET
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
AUTO LOAN CALCULATOR
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
HOME BUYING TIPS
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
SEARCH FOR A HOME
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

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