Building Permits Hit One-Year High

Printer-friendly version
February 16, 2017

Permits for future construction increased 4.6 percent in January to a rate of 1.29 million units, the most since November 2015. Reuters reports that the jump suggests the housing industry is on pace for recovery.

Housing starts dropped 2.6 percent last month to a seasonally adjusted annual rate of 1.25 million units.

With overall permits now outpacing starts, homebuilding is likely to rebound in the coming months. Economists had forecast groundbreaking activity slipping to a rate of 1.22 million units last month and building permits rising to a 1.23 million pace.

Read more

Comments on: "Building Permits Hit One-Year High"

July 2017

This Month in Professional Builder

Products
Features

Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init