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Tag Archives: January
U.S. homebuilding permits a 3 1/2 high
Permits for homebuilding in the U.S. neared a 3 1/2 year high last February. The new permits last month were at 5.1% or 717,000 units according to the Commerce Department. This is the highest rate its been since October 2008 and has exceed economists … Continue reading
Posted in Economy
Tagged building permits, commerce department, february, housing market, housing starts, January
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Foreclosure sales rising
Foreclosure sales rose to 91,000 in January, a 29% increase from December of 2011. A foreclosure sale is complete when the bank finishes the foreclsure process and the bank takes posession the property. To many experts, foreclosure activity is a … Continue reading
New home sales exceed expectations
On Friday, new home sales exceed projections in the latest government report, this is a sign that the beleaguered housing market is starting to recover. The Census Bureau reported that the pace of new homes sold in January was 321,000 which … Continue reading