Get 10% OFF any PDF or CAD over $500. Promo Code: MEMORIAL2019   |   Now - May 27

Housing Starts Rose, Sales Slipped in December

Housing Starts Rose, Sales Slipped in December

Housing Starts Up 12%

Housing starts data released by the U.S. Commerce Department on Jan. 17 revealed that new-home production rose 12.1% to a seasonally adjusted annual rate of 954,000 units in December of 2012. The gains applied to both houses and apartments, with an 8.1% gain to 616,000 units registered on the single-family side and a 23.1% gain to 338,000 units registered on the multifamily side.

Regionally, combined single-family and multifamily starts activity rose 21.4% in the Northeast, 24.7% the Midwest, 3.8% in the South and 18.7% in the West. Meanwhile, permit issuance, which can be an indicator of future building activity, held virtually steady at a 903,000-unit rate in December, with single-family permits up 1.8% to 578,000 units and multifamily permits down 2.1% to 325,000 units.

Regionally, permits rose 19% in the Northeast and 6.6% in the West while the South and Midwest posted respective declines of 3.4% and 5.7%.  NAHB Senior Economist Robert Denk said, "Overall, this report represents a solid ending to 2012 and a promising start to 2013. Multifamily production is almost back to normal levels and while single-family starts still have a way to go, they are gaining momentum."

New-Home Sales Down 7.3%

Sales of newly built, single-family homes slipped 7.3% to a seasonally adjusted annual rate of 369,000 units in December, according to figures released by HUD and the U.S. Census Bureau on Jan. 25. However, this loss followed an even bigger increase in the prior month and left the sales rate 20% ahead of where it stood at the end of 2011.



Regionally, sales dipped by the greatest margin (29.4%) in the Northeast in December, but also fell 8.4% in the South and 11.1% in the West. Meanwhile, the Midwest posted a 21.3% gain in new-home sales in December.

Choose from more than 400 house plan designs that we offer in a wide range of styles and sizes.  Some of our more popular house designs include European-inspired Georgian and palladian homes, English manor house plans, Tuscan-style Italian villas, French chateaux, and colonial house plans.  Our Tuscan-style villas range from 1800 sf to 14,814 sf.  Our Newport classic house designs range from 1500 to 5000 square feet.  Our starter castles, mansions and estate homes are designed in the grand tradition of some of the most impressive homes in the world.  Please feel free to search our house designs or browse our photo gallery to get a sense of the many styles and types of house designs we offer.  Our plans have been built around the globe, from Canada to Dubai, and one plan could be just for you!

Today's photos are those of Archival Designs' Luxury House Plan, Lady La Salette.

Previous Post Next Post

  • Joanne Loftus
Comments 0
Leave a comment
Your Name:*
Email Address:*
Message: *

Please note: comments must be approved before they are published.

* Required Fields