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Housing Starts Recover in December
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.
READY TO TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Housing Starts Recover in December
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.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Housing Starts Recover in December

(January 22, 2013) The nation’s home building industry continued to see positive gains in housing trends as the number of new privately-owned homes that started construction in December out-paced those in November according to the latest data released by the Census Bureau.

Historically, housing construction begins to slow by December, but extremely low supplies of existing homes for sale and rising prices have helped to make new homes an attractive alternative.

Housing Starts:

Privately owned housing starts increased by 12.1 percent to a seasonally adjusted annual rate of 954,000 in December from a revised estimate of 851,000 in November. Housing starts were 36.9 percent higher than in December 2011 which had an estimated 697,000 starts.

Single-family housing starts were higher in December, with starts at a seasonally adjusted annual rate of 616,000, up 8.1 percent from a revised estimate of 570,000 starts in November and were 18.5 percent higher than in December of last year when an estimated 520,000 starts were reported.

Housing starts for multi-family dwellings increased by 23.1 percent from a revised rate of 260,000 starts in November to a seasonally adjusted rate of 330,000 starts in December. Housing starts for multi-family dwellings were 115.7 percent higher than a year ago when an estimated 153,000 starts were recorded.

On an unadjusted basis, housing starts fell by 3.1 percent, falling from 63,300 starts to 61,500 starts.

Regionally, monthly housing starts increased in all four regions with the Midwest posting the largest gain of 24.7 percent followed by the Northeast with a 21.4 percent increase. The West posted a gain of 18.7 percent and the South saw housing starts increase by 3.8 percent.

Compared to a year ago, all four of the regions also posted increases in housing starts with the West posting the largest increase of 57.4 percent, followed by the South with a 43.0 percent gain while the Northeast and the Midwest posted gains of 37.1 and 10.7 percent, respectively.

Building Permits:

The number of building permits issued in December increased modestly to a seasonally adjusted annual rate of 903,000, up 0.3 percent from a revised estimate of 900,000 permits in November. Authorized building permits were still 28.8 percent higher than the December 2011 estimate of 701,000.

Single-family building permit authorizations were 1.8 percent higher in December than November with 578,000 permits authorized in December compared to a revised 568,000 in November. Building permit authorizations for single-family homes were 27.3 percent higher than in December of last year which had an estimated 454,000 permits issued.

Multi-family dwelling permits in December fell to 301,000 authorizations from a revised total of 304,000 in November, a decline of 1.0 percent. Authorizations for multi-family dwellings were 35.0 percent higher than in December of last year which had an estimated 223,000 authorizations.

Building permit authorizations increased in two of the four of the regions in December. In the Northeast, authorizations rose by 19.0 percent followed by the West where authorizations increased by 6.6 percent. In the Midwest, authorizations fell by 5.7 percent between November and December and in the South, authorizations declined 3.4 percent between the two months.

Year-over-year, building permit authorizations increased in all four regions with the West posting the largest increase of 35.5 percent, closely followed by the Midwest which posted a 33.0 percent increase and the South and the Northeast which saw gains of 25.7 and 23.7 percent, respectively.

Housing Completions:

The number of homes that were completed during the month increased by 1.6 percent from November to December with a seasonally adjusted annual rate of 686,000 completions reported in December compared to November’s revised estimate of 675,000 completions. Housing completions were 13.2 percent higher than in December of last year when an estimated 606,000 completions were reported.

Single-family completions in December were at an annual rate of 535,000 units, which was 3.7 percent higher than November’s revised rate of 516,000 and 16.3 percent above last year’s rate of 460,000 units. Multi-family completions in December were at a rate of 144,000 units, 4.0 percent lower than the 150,000 units completed in November but 5.1 percent higher than the 137,000 completions in December of last year.

On an unadjusted basis, housing completions in 2012 were 11.4 percent higher than in 2011.

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

Source:
Census Bureau

Reported by Chris Moore

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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
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 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

(January 22, 2013) The nation’s home building industry continued to see positive gains in housing trends as the number of new privately-owned homes that started construction in December out-paced those in November according to the latest data released by the Census Bureau.

Historically, housing construction begins to slow by December, but extremely low supplies of existing homes for sale and rising prices have helped to make new homes an attractive alternative.

Housing Starts:

Privately owned housing starts increased by 12.1 percent to a seasonally adjusted annual rate of 954,000 in December from a revised estimate of 851,000 in November. Housing starts were 36.9 percent higher than in December 2011 which had an estimated 697,000 starts.

Single-family housing starts were higher in December, with starts at a seasonally adjusted annual rate of 616,000, up 8.1 percent from a revised estimate of 570,000 starts in November and were 18.5 percent higher than in December of last year when an estimated 520,000 starts were reported.

Housing starts for multi-family dwellings increased by 23.1 percent from a revised rate of 260,000 starts in November to a seasonally adjusted rate of 330,000 starts in December. Housing starts for multi-family dwellings were 115.7 percent higher than a year ago when an estimated 153,000 starts were recorded.

On an unadjusted basis, housing starts fell by 3.1 percent, falling from 63,300 starts to 61,500 starts.

Regionally, monthly housing starts increased in all four regions with the Midwest posting the largest gain of 24.7 percent followed by the Northeast with a 21.4 percent increase. The West posted a gain of 18.7 percent and the South saw housing starts increase by 3.8 percent.

Compared to a year ago, all four of the regions also posted increases in housing starts with the West posting the largest increase of 57.4 percent, followed by the South with a 43.0 percent gain while the Northeast and the Midwest posted gains of 37.1 and 10.7 percent, respectively.

Building Permits:

The number of building permits issued in December increased modestly to a seasonally adjusted annual rate of 903,000, up 0.3 percent from a revised estimate of 900,000 permits in November. Authorized building permits were still 28.8 percent higher than the December 2011 estimate of 701,000.

Single-family building permit authorizations were 1.8 percent higher in December than November with 578,000 permits authorized in December compared to a revised 568,000 in November. Building permit authorizations for single-family homes were 27.3 percent higher than in December of last year which had an estimated 454,000 permits issued.

Multi-family dwelling permits in December fell to 301,000 authorizations from a revised total of 304,000 in November, a decline of 1.0 percent. Authorizations for multi-family dwellings were 35.0 percent higher than in December of last year which had an estimated 223,000 authorizations.

Building permit authorizations increased in two of the four of the regions in December. In the Northeast, authorizations rose by 19.0 percent followed by the West where authorizations increased by 6.6 percent. In the Midwest, authorizations fell by 5.7 percent between November and December and in the South, authorizations declined 3.4 percent between the two months.

Year-over-year, building permit authorizations increased in all four regions with the West posting the largest increase of 35.5 percent, closely followed by the Midwest which posted a 33.0 percent increase and the South and the Northeast which saw gains of 25.7 and 23.7 percent, respectively.

Housing Completions:

The number of homes that were completed during the month increased by 1.6 percent from November to December with a seasonally adjusted annual rate of 686,000 completions reported in December compared to November’s revised estimate of 675,000 completions. Housing completions were 13.2 percent higher than in December of last year when an estimated 606,000 completions were reported.

Single-family completions in December were at an annual rate of 535,000 units, which was 3.7 percent higher than November’s revised rate of 516,000 and 16.3 percent above last year’s rate of 460,000 units. Multi-family completions in December were at a rate of 144,000 units, 4.0 percent lower than the 150,000 units completed in November but 5.1 percent higher than the 137,000 completions in December of last year.

On an unadjusted basis, housing completions in 2012 were 11.4 percent higher than in 2011.

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

Source:
Census Bureau

Reported by Chris Moore

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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
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 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

(January 22, 2013) The nation’s home building industry continued to see positive gains in housing trends as the number of new privately-owned homes that started construction in December out-paced those in November according to the latest data released by the Census Bureau.

Historically, housing construction begins to slow by December, but extremely low supplies of existing homes for sale and rising prices have helped to make new homes an attractive alternative.

Housing Starts:

Privately owned housing starts increased by 12.1 percent to a seasonally adjusted annual rate of 954,000 in December from a revised estimate of 851,000 in November. Housing starts were 36.9 percent higher than in December 2011 which had an estimated 697,000 starts.

Single-family housing starts were higher in December, with starts at a seasonally adjusted annual rate of 616,000, up 8.1 percent from a revised estimate of 570,000 starts in November and were 18.5 percent higher than in December of last year when an estimated 520,000 starts were reported.

Housing starts for multi-family dwellings increased by 23.1 percent from a revised rate of 260,000 starts in November to a seasonally adjusted rate of 330,000 starts in December. Housing starts for multi-family dwellings were 115.7 percent higher than a year ago when an estimated 153,000 starts were recorded.

On an unadjusted basis, housing starts fell by 3.1 percent, falling from 63,300 starts to 61,500 starts.

Regionally, monthly housing starts increased in all four regions with the Midwest posting the largest gain of 24.7 percent followed by the Northeast with a 21.4 percent increase. The West posted a gain of 18.7 percent and the South saw housing starts increase by 3.8 percent.

Compared to a year ago, all four of the regions also posted increases in housing starts with the West posting the largest increase of 57.4 percent, followed by the South with a 43.0 percent gain while the Northeast and the Midwest posted gains of 37.1 and 10.7 percent, respectively.

Building Permits:

The number of building permits issued in December increased modestly to a seasonally adjusted annual rate of 903,000, up 0.3 percent from a revised estimate of 900,000 permits in November. Authorized building permits were still 28.8 percent higher than the December 2011 estimate of 701,000.

Single-family building permit authorizations were 1.8 percent higher in December than November with 578,000 permits authorized in December compared to a revised 568,000 in November. Building permit authorizations for single-family homes were 27.3 percent higher than in December of last year which had an estimated 454,000 permits issued.

Multi-family dwelling permits in December fell to 301,000 authorizations from a revised total of 304,000 in November, a decline of 1.0 percent. Authorizations for multi-family dwellings were 35.0 percent higher than in December of last year which had an estimated 223,000 authorizations.

Building permit authorizations increased in two of the four of the regions in December. In the Northeast, authorizations rose by 19.0 percent followed by the West where authorizations increased by 6.6 percent. In the Midwest, authorizations fell by 5.7 percent between November and December and in the South, authorizations declined 3.4 percent between the two months.

Year-over-year, building permit authorizations increased in all four regions with the West posting the largest increase of 35.5 percent, closely followed by the Midwest which posted a 33.0 percent increase and the South and the Northeast which saw gains of 25.7 and 23.7 percent, respectively.

Housing Completions:

The number of homes that were completed during the month increased by 1.6 percent from November to December with a seasonally adjusted annual rate of 686,000 completions reported in December compared to November’s revised estimate of 675,000 completions. Housing completions were 13.2 percent higher than in December of last year when an estimated 606,000 completions were reported.

Single-family completions in December were at an annual rate of 535,000 units, which was 3.7 percent higher than November’s revised rate of 516,000 and 16.3 percent above last year’s rate of 460,000 units. Multi-family completions in December were at a rate of 144,000 units, 4.0 percent lower than the 150,000 units completed in November but 5.1 percent higher than the 137,000 completions in December of last year.

On an unadjusted basis, housing completions in 2012 were 11.4 percent higher than in 2011.

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

Source:
Census Bureau

Reported by Chris Moore

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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.
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.
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 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.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
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 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