The U.S. Commerce Department reported housing starts up 10.5 percent in August to an annualized 598,000 housing units—above analysts' predictions of 535,000. Jim Buchta reports that although "analysts were surprised by the size of the increase, the one-month report isn't enough to signal the beginning of a recovery—that'll come only after the employment picture improves." Single-family housing rose 4.2 percent from July—the first rise since April. Building permits fell 1.2 percent during the same period. A National Association of Home Builders/Wells Fargo Housing Market Index released Monday "showed builders' sentiment and sales activity remained near record lows," Buchta writes.
Input from Author of this blog: This is a national report and does is not necessarily indicative of home building in the Charleston South Carolina (SC) area. For further information on home building in Charelston SC please feel free to contact me or visit our website (http://beckbuiltinc.com)
credits: (http://http://www.architectmagazine.com/) (http://http://www.startribune.com/business/103492854.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUsZ)
