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Real Estate Market
PERMITS
- The number of permits issued for construction of new housing units in the first quarter of 2010 were up 8 percent from the previous quarter, at a SAAR of 646,000 units, and were up 22 percent from the first quarter of 2009.
- One unit permits, at 518,000 units, were up 9 percent from the level of the previous quarter and up 44 percent from a year earlier.
- Multifamily permits (5 or more units in structure), at 109,000 units, were a statistically insignificant 5 percent above the fourth quarter of 2009 but 28 percent below the first quarter of 2009.
STARTS
- The number of permits issued for construction of new housing units in the first quarter of 2010 were up 8 percent from the previous quarter, at a SAAR of 646,000 units, and were up 22 percent from the first quarter of 2009.
- One unit permits, at 518,000 units, were up 9 percent from the level of the previous quarter and up 44 percent from a year earlier.
- Multifamily permits (5 or more units in structure), at 109,000 units, were a statistically insignificant 5 percent above the fourth quarter of 2009 but 28 percent below the first quarter of 2009.
UNDER CONSTRUCTION
- Housing units under construction at the end of the first quarter of 2010 were at a SAAR of 489,000 units, a statistically insignificant 5 percent below the previous quarter and 32 percent below the first quarter of 2009.
- Single family units stood at 305,000, a statistically insignificant 2 percent above the previous quarter but 12 percent below the first quarter of 2009.
- Multifamily units were at 173,000, down 15 percent from the previous quarter and down 51 percent from the first quarter of 2009.
COMPLETIONS
- Housing units completed in the first quarter of 2010, at a SAAR of 666,000 units, were down a statistically insignificant 15 percent from the previous quarter and down 18 percent from the same quarter of 2009.
- Single family completions, at 462,000 units, were down 12 percent from the previous quarter and down 16 percent from the rate of a year earlier.
- Multifamily completions, at 193,000 units, were a statistically insignificant 19 percent below the previous quarter and 24 percent below the same quarter of 2009.
MANUFACTURED (MOBILE) HOME SHIPMENTS
- Shipments of new manufactured (mobile) homes were at a SAAR of 51,700 units in the first quarter of 2010,which is 6 percent above the previous quarter but 1 percent below the rate of a year earlier.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. 2010 First Quarter Real Estate Market Results is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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- 2010 1st Quarter Real Estate Market Data – The State of US New Multifamily Units In the fourth quarter of 2009, 40,800 new, unsubsidized, unfurnished, multifamily (five or more units in structure) rental apartments were completed, down 14 percent from the previous quarter and down......
- 2010 1st Quarter Real Estate Market Data – The State of US Home Sales Home Sales - Sales of new single-family homes totaled 358,000 (SAAR) units in the first quarter of 2010, down 4 percent from the previous quarter but up 6 percent from......
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I think to look to invest some money in the real estate market right now is really interesting, as the prices are low and the useable land will be worth a lot in a few years.