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Housing Starts Down, Permits Rocket Up

The U.S. government is reporting that privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,246,000.  This figure is 2.6% below December’s rate, but is 10.5% higher than one year ago.  Single-family housing starts in January were at a rate of 823k and the...
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Foreclosure Starts Hit Lowest Level Since 2005

In their “first look” report for October 2016, Black Knight Financial Services is reporting that foreclosure starts have hit their lowest level since January 2005.  According to the report, October saw were 56,500 foreclosure starts (lowest in nearly 12 years) as well as a lower prepayment level than...
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Housing Starts Hit 9-Year High – Jump 25%!

The Commerce Department reported that privately-owned housing units authorized by building permits in October were at a seasonally adjusted annual rate of 1,229,000. This is 0.3% above September’s rate of 1,225,000 and is 4.6% above October 2015.  Single-family authorizations in October were at a rate of 762k; this...
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