New-Home Construction Rises To Six-Month High

By
Real Estate Sales Representative with www.Peeka.info

New-Home Construction Rises To Six-Month High

Source: Associated Press | April 19, 2011

Builders broke ground last month on the most new homes in six months, giving the weak U.S. housing market a slight boost at the start of the spring buying season. Home construction rose 7.2 percent in March from February to a seasonally adjusted 549,000 units, the Commerce Department said Tuesday. Building permits, an indicator of future construction, rose 11.2 percent after hitting a five-decade low in February. Single-family homes, which make up roughly 80 percent of home construction, rose 7.7 percent in March. Building permits increased to its highest level since December. That increase could signal a turnaround in the coming months, said Steven A. Wood, chief economist with Insight Economics. New homes typically take six months to build and the number of new permits is higher than the number of homes starting construction. The increase in home construction activity was felt in most regions of the country. New homes can spur job growth. Each new home built creates the equivalent of three jobs for a year and generates about $90,000 in taxes, according to the National Association of Home Builders. [Read this article]

Posted by

www.PEEKA.info  Simple, effective internet solutions.

Websites from $100 a page. Internet Marketing. Videography & More. Visit our website for examples of work and client testimonials. Rely on Peeka info for all of your Real Estate Marketing needs. 

       

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the house to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the man to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
131,514

Peeka Info

Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the key to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Posts by Peeka. Peeka info. www.Peeka.info. For all of your internet marketing needs. Websites from $100 a page.