The U.S. Census Bureau and the Department of Housing and Urban Development have released New Residential Construction statistics for November 2010. Housing Starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has begun. Adding rooms or renovating old ones does not count, the builder must be constructing a new home (can be on old foundation if re-building). Although the report offers up single family housing, 2-4 unit housing, and 5-unit and above housing data, single family housing is by far the most important as it accounts for 70-80% of total home building (which might be shifting more toward multi-family in the years ahead). Building Permits data provides an estimate on the number of homes planning on being...(read more)
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Source: http://www.mortgagenewsdaily.com/12162010_housing_starts_building_permit.asp
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