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Real Estate Home Construction
Home building rebounded from a six-month low in November, with improvement in new home construction in all sections of the nation, according to a government report issued Wednesday.
Construction of new homes rose to an annual rate of 574,000 during the month, 8.9% above the revised October rate of 527,000. The rate was still 12.4% below the 655,000 rate during November 2008.
A consensus estimate of economists surveyed by Briefing.com expected 574,000 housing starts during the month.
New construction jumped the most in the Northeast, with a 16.4% rise from the previous month. Housing starts rose 12.3% in the South, 3% in the Midwest and 1.9% in the West.
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This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Has home construction bottomed out? What does the latest data tell? is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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