Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Housing Starts Up 3.6% in October
Nov 26, 2012
 Printable format
 Email this Article
 Search

Nationwide housing production in the United States was up 3.6% in October 2012 to a seasonally adjusted annual rate of 894,000 units, according to U.S. Commerce Department data. The measure puts new-home construction at its fastest pace since July of 2008 - despite storm-related declines in the Northeast and South.

October 2012 single-family housing starts were nearly unchanged at 594,000 units. Multifamily saw a gain of 11.9% to 300,000 units, putting it at its fastest pace since July 2008.

"Today's report bears out similar changes in other economic indicators that housing continues to recover at a slow but steady place, and is right in line with our expectations of modest month-to-month growth," said NAHB Chief Economist David Crowe.

Regionally:
* Northeast: Hurricane Sandy forced a decline of 6.5% in housing starts
* South: Sandy caused a decline of 2.5%
* West: overall housing starts were up 17.2%
* Midwest: up 8.9%

Permit issuance - often an indication of building activity in the near future - were down 10.6% in multifamily units in October, but came after an unusually strong September, at 304,000 units. Single-family home permits rose 2.2% to 562,000 units.

Back to Daily News

 

Daily News

...........................................................

Feb 20, 2014: Honda Holds On To Snow Thrower Market Dominance in Japan

Feb 19, 2014: Panasonic Calls 9-Month Appliance Sales Disappointing

Feb 19, 2014: Spectrum Brands Shows 1Q Sales Growth

Feb 19, 2014: iRobot's Home Robot Business Up 20% in 2013

Feb 19, 2014: Shafer Is New Philips North America CEO

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows