house plans
Free Shipping on All House Plans!
Question or to order
Home >> House Plans >> Article
Search entire site
DREAM. LEARN. DISCOVER... GET STARTED.
House Plans
House Plans

Starts Exceed 2 Million for Fourth Month in a Row

Tags :
Published On : 08-23-2005
Author : Steve Donegan
1993 Views
ShareThis
For the fourth consecutive month, new housing production topped an annual rate of 2 million units in July, maintaining a vigorous pace of 2.042 million, which was off a scant 0.1% from an upwardly revised level for the prior month, the U.S. Commerce Department reported last week. Starts in July were 2.18% higher than a year earlier.

“Builders are working hard to keep up with buyer demand,” said NAHB President Dave Wilson. “Even though mortgage rates have edged up in recent weeks, they are still very affordable and continue to fuel the housing market.”

“The fundamental supports for housing demand are still in place,” said NAHB Chief Economist David Seiders. “Financing conditions remain favorable, job formation is fueling household growth and ongoing increases in house values are bolstering the ownership appeal of single-family homes and condo units.”

Single-family home construction edged up 0.5% to a pace of 1.711 million units in July, 3% above July 2004. Multifamily starts lost some ground, eroding by 3.2% to a yearly rate of 331,000, which was 1.8% faster than a year earlier.

Regionally, July’s housing starts were up 9.1% in the Midwest, 6.5% in the Northeast and 2.1% in the West. They declined 5.4% in the South.

Building permits were issued at a seasonally adjusted annual rate of 2.167 million units in July, up 1.6% from June, and single-family permits climbed 2% to a record 1.686 million. Multifamily permits were up 0.4%.

Seiders noted that the backlog of unused permits was historically high at the end of July, particularly in the single-family sector. “Builders have accumulated an unusually large supply of permits in order to meet future housing demand in markets with serious supply constraints. That bodes well for housing production in the near future,” he said.

Source: Aug 2005 Press Release, National Accosiation of Home Builders/nahb.com

COMMENTS
RELATED ARTICLES
Finding your Dream Home
House Plans
Starts Exceed 2 Million for Fourth Month in a Row
House Plans
Timing is Everything When It Comes To Buying Homes
House Plans
SELLING YOUR HOME IN THE WINTER
Business
HOW TO DETERMINE THE PRICE OF YOUR HOME
Business
How To Spot a Good Buy
House Plans
Lock in your lumber prices
Business
The Future of Home Building is Looking Bright
Business
Lumber Prices are Declining
Business
Great Mortgage Rates during election years
Business

Search House Plans

Bedrooms
 1  2  3  4  5+
Bathrooms
 1  1½  2  2½  3  3½  4+
Stories Garage Bays
 1  1½  2  1  2  3+
Square Feet
to
View Results
Enter Plan #:
HOUSE PLANS 101
FAQ
Glossary of Terms
Understanding Blueprints
Understanding Copyright
What's included in a set of house plans?
Why pre-drawn house plans?
MOST POPULAR ARTICLES
Plans with Indoor Basketball Courts
House Plans
Building a home plan with an indoor basketball court
House Plans
1. Building on slab vs. crawl space vs. basement? Advantages / disadvantage
House Plans
Garage Plans with Shops, Mother In-Law Suites, Apartments and Bonus Square Footage
House Plans
Luxurious Mountain Craftsman House Plans
House Plans
Beachfront, Coastal and Key West Home Plans
House Plans
European and Luxury House Plans, Large and Small!
House Plans
The Finest Duplex, Town House, and Multi Unit Home Plans
House Plans
The In-Law Suite Revolution
House Plans
Florida and California House Plans With a Tuscan Style
House Plans
ARTICLES BY TOPIC
A Frame House Plans A Home Builders Opinion Air Conditioning Tips architectural styles Architecture beachfront house plans Beachfront Houseplans blueprints building log building lots building mistakes bungalow Bungalow House Plans Cape Cod House Plans celebrity home designs Christmas Coastal House Plans Color Photos Color Schemes Considerations for Building Foundations in a New House Plan Contemporary Style cottage style country house plans craftsman house plans
RECENT ARTICLES
8 Tips on Creating a Functional, Sophisticated Open Floor Plan through Design
House Plans
European House Plans: Living the “Old World” Dream at Home
House Plans
Exterior Color Choices for Your Home Plan
House Plans 101
Old Home, New Look: Tips on Giving Your Home a Facelift
House Plans
Inspiring Design Ideas from the Homes of Living US Presidents
House Plans
Baby Boomers Want Comfortable, Quality, Single Story House Plans
House Plans 101
A Barrage of Garages – Design Guidelines for Your Car’s Next Home
House Plans
Cottage Style Meets Modern Lifestyle | Spotlight on Cottage Homes
House Plans
Smart and Healthy House Plans Featuring Gyms, Spas, Pools and Courts
House Plans 101
The Modern House Plan: Stylish Living in the 21st Century
House Plans
© 2015 The Plan Collection, LLC