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New Housing Construction Activity Increases in May
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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 TAKE IT TO THE NEXT LEVEL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
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New Housing Construction Activity Increases in May
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
New Housing Construction Activity Increases in May

June 16, 2011 (Chris Moore)

New residential construction received a boost in May as building permits, housing starts, and housing completions all experienced gains according to the latest data released by the Census Bureau.

Privately owned housing starts increased by 3.5 percent in May, 2011, compared to April with a seasonally adjusted annual rate of 560,000 starts reported in May compared to April’s revised estimate of 541,000 housing starts. Housing starts are still below May of 2010’s rates which were at a seasonally adjusted rate of 580,000.

Single-family housing starts in May increased from April’s figure of 404,000 to 419,000, an increase of 3.7 percent, and multi-family dwellings increased from 114,000 starts in April to 134,000 in May.

Building permits in May were also more robust than April as builders were authorized a seasonally adjusted annual rate of 612,000 permits compared to 563,000 in April. It was also an increase from May of last year, which had an estimated 582,000 permits authorized.

Single-family building permit authorizations were 2.5 percent higher in May than April with 405,000 permits authorized compared to 395,000 in April. Multi-family dwelling permits in May soared to 190,000 authorizations compared to 143,000 in April.

Housing completions experienced a small increase in May compared to April with a seasonally adjusted annual rate of 544,000 completions reported. That was just above April’s 542,000 completions but far below the May 2010 rate of 702,000.

Single-family completions in May were at a rate of 431,000 compared to April’s 419,000. Multi-family completions in May were at a rate of 108,000 completions compared to April’s count of 118,000.

Regionally, housing starts increased in two of the four regions with the Northeast and the Midwest experiencing declines (-3.3% and -4.1%, respectively) and the South and West experiencing gains (1.5% and 18.1%, respectively). All regions experienced declines compared to the same month last year.

Building permits soared in May for multi-family dwellings in the Northeast as permit authorizations increased 35.6 percent. Single-family permits in the same region declined 5.3 percent. The other three regions reported gains in both single-family and multi-family dwelling permits with the exception of the Midwest which saw a slight, 1.1%, decline in multi-family dwelling permit authorizations.

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

Source:
Census Bureau

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.
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June 16, 2011 (Chris Moore)

New residential construction received a boost in May as building permits, housing starts, and housing completions all experienced gains according to the latest data released by the Census Bureau.

Privately owned housing starts increased by 3.5 percent in May, 2011, compared to April with a seasonally adjusted annual rate of 560,000 starts reported in May compared to April’s revised estimate of 541,000 housing starts. Housing starts are still below May of 2010’s rates which were at a seasonally adjusted rate of 580,000.

Single-family housing starts in May increased from April’s figure of 404,000 to 419,000, an increase of 3.7 percent, and multi-family dwellings increased from 114,000 starts in April to 134,000 in May.

Building permits in May were also more robust than April as builders were authorized a seasonally adjusted annual rate of 612,000 permits compared to 563,000 in April. It was also an increase from May of last year, which had an estimated 582,000 permits authorized.

Single-family building permit authorizations were 2.5 percent higher in May than April with 405,000 permits authorized compared to 395,000 in April. Multi-family dwelling permits in May soared to 190,000 authorizations compared to 143,000 in April.

Housing completions experienced a small increase in May compared to April with a seasonally adjusted annual rate of 544,000 completions reported. That was just above April’s 542,000 completions but far below the May 2010 rate of 702,000.

Single-family completions in May were at a rate of 431,000 compared to April’s 419,000. Multi-family completions in May were at a rate of 108,000 completions compared to April’s count of 118,000.

Regionally, housing starts increased in two of the four regions with the Northeast and the Midwest experiencing declines (-3.3% and -4.1%, respectively) and the South and West experiencing gains (1.5% and 18.1%, respectively). All regions experienced declines compared to the same month last year.

Building permits soared in May for multi-family dwellings in the Northeast as permit authorizations increased 35.6 percent. Single-family permits in the same region declined 5.3 percent. The other three regions reported gains in both single-family and multi-family dwelling permits with the exception of the Midwest which saw a slight, 1.1%, decline in multi-family dwelling permit authorizations.

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

Source:
Census Bureau

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

June 16, 2011 (Chris Moore)

New residential construction received a boost in May as building permits, housing starts, and housing completions all experienced gains according to the latest data released by the Census Bureau.

Privately owned housing starts increased by 3.5 percent in May, 2011, compared to April with a seasonally adjusted annual rate of 560,000 starts reported in May compared to April’s revised estimate of 541,000 housing starts. Housing starts are still below May of 2010’s rates which were at a seasonally adjusted rate of 580,000.

Single-family housing starts in May increased from April’s figure of 404,000 to 419,000, an increase of 3.7 percent, and multi-family dwellings increased from 114,000 starts in April to 134,000 in May.

Building permits in May were also more robust than April as builders were authorized a seasonally adjusted annual rate of 612,000 permits compared to 563,000 in April. It was also an increase from May of last year, which had an estimated 582,000 permits authorized.

Single-family building permit authorizations were 2.5 percent higher in May than April with 405,000 permits authorized compared to 395,000 in April. Multi-family dwelling permits in May soared to 190,000 authorizations compared to 143,000 in April.

Housing completions experienced a small increase in May compared to April with a seasonally adjusted annual rate of 544,000 completions reported. That was just above April’s 542,000 completions but far below the May 2010 rate of 702,000.

Single-family completions in May were at a rate of 431,000 compared to April’s 419,000. Multi-family completions in May were at a rate of 108,000 completions compared to April’s count of 118,000.

Regionally, housing starts increased in two of the four regions with the Northeast and the Midwest experiencing declines (-3.3% and -4.1%, respectively) and the South and West experiencing gains (1.5% and 18.1%, respectively). All regions experienced declines compared to the same month last year.

Building permits soared in May for multi-family dwellings in the Northeast as permit authorizations increased 35.6 percent. Single-family permits in the same region declined 5.3 percent. The other three regions reported gains in both single-family and multi-family dwelling permits with the exception of the Midwest which saw a slight, 1.1%, decline in multi-family dwelling permit authorizations.

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

Source:
Census Bureau

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