Tuesday, January 14, 2014

MF Starts Post Double-Digit Gains via GlobeSt.com

There was “a mix of good and fair news” in the most recent residential permitting report from the US Census Bureau, Axiometrics said Tuesday. The fair news: building permits for November 2013 were down slightly. The good news: permitting remains at its highest level since 2008, and the development picture looks especially bright when it comes to housing starts.

Permits for November measured on a seasonally adjusted annual rate stood at 1,007,000 privately owned housing units, off 3.1% from October’s 1,039,000, the Dallas-based research firm reported. However, the November figure was up 7.9% year-over-year from 933,000 in November 2012. Annual multifamily permitting has averaged 321,000 over the past year.

Read more...MF Starts Post Double-Digit Gains - Daily News Article - GlobeSt.com

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