Building permits for single-family homes rose 1.8 percent in December

Building permits for single-family homes rose 1.8 percent in December to a rate of 444,000 units compared with November, according to a joint release by the U.S. Census Bureau and the Dept. of Housing and Urban Development. Single-family housing starts rose 4.1 percent to a seasonally adjusted annual rate of 657,000.
An estimated 611,900 housing units were authorized by building permits in 2011. This is 1.2 percent above the 2010 figure of 604,600. Approximately 606,900 housing units were started in 2011. This is 3.4 percent above the 2010 figure of 586,900.

Gevon Polgar

Comments

Post a Comment

Popular posts from this blog

Mountain House Short Sale - Home For Sale in Mountain House !

Image
Interested in this Home? To Make an Offer CALL: 408-203-3596 100% Federal Financing Available Gevon Polgar | Open Access | (408) 203-3596 539 W Viento St, Mountain House, CA Eligible for 100% USDA Financing ! 5BR/3+1BA Single Family House offered at $335,000 Year Built 2006 Sq Footage 3,072 Bedrooms 5 Bathrooms 3 full, 1 partial Floors 2 Parking 3 Car garage Lot Size 5,227 sqft HOA/Maint $0 per month DESCRIPTION Beautiful home in Move-In condition. Desirable floorplan with formal separate living and dining areas. Large family room and kitchen. Agent is CDPE Certified and Short Sale Specialist. Hurry and get your offers in! see additional photos below PROPERTY FEATURES - Central A/C - Central heat - Fireplace - Walk-in closet - Tile floor - Family room - Living room - Office/Den - Dining room - Breakfast nook - Dishwasher - Stove/Oven - Microwave - Granite countert
Read more

3 Tips for the First-Time Home Seller

Today’s buyer-take-all bonanza is a boon for fence-sitters and buyers with great credit and deep pockets. But sellers are steeling themselves to new realities that include paying (rather than making) money at the closing table, providing extras to sweeten the deal, and spending more time and cash making the home camera-ready. For first-time sellers who have never been through the process before, it’s a different world. One where the value of the house isn’t measured in the profit made on the sale, but by the enjoyment the owners had from living in the home. Here are three things experienced sellers would tell you, if they could. Price it realistically from the start “Your largest number of showings will occur in the first two to three weeks,” says Mark Ramsey, a broker in Charlotte, N.C. One reason: “The (multiple listing service) systems and the Internet tend to drive the majority of showings,” he says. Many buyers are plugged in electronically. So the minute something new pops
Read more

Mortgage rates level off at 2011 lows

Mortgage rates leveled off this week at or near their lows for the year after declining for eight consecutive weeks, Freddie Mac said in releasing the results of its latest Primary Mortgage Market Survey . Low rates appear to have sparked interest in both refinancing and home purchases, according to a separate survey of loan applications conducted by the Mortgage Bankers Association. Freddie Mac's survey showed rates on 30-year fixed-rate mortgages, which last week hit a low for the year of 4.49 percent, averaging 4.5 percent with an average 0.7 point for the week ending June 16. Rates on 30-year fixed-rate mortgages hit an all-time low in Freddie Mac records dating to 1971 of 4.17 percent during the week ending Nov. 11, 2010, before rebounding to their 2011 high of 5.05 percent in February. Rates on 15-year fixed-rate mortgages averaged 3.67 percent with an average 0.7 point -- a new 2011 low, but essentially unchanged from 3.68 percent last week. Rates on 15-year mortgage
Read more