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Friday, December 20, 2013

Housing Starts Surge to a Five-Year High



Housing starts surged 22.7 percent in November to a 1.091 million-unit pace. Single-family starts jumped 20.8 percent, while multifamily starts spiked 26.8 percent. The gains are likely exaggerated by seasonal factors.

Friday, December 6, 2013

New Home Sales Beat Expectations in October



New home sales rose a solid 25.4 percent in October, but fell 6.6 percent in September. On a regional basis, gains were broad-based. However, inventories remained at a historically low level falling on the month.