For generations, people have been drawn to big-city life by the irresistible lure of career opportunities, cultural riches, and the sheer excitement of rubbing shoulders with hundreds of thousandsâ€
Single Family Home Starts Stall Out At 0 Point 8 Percent April Growth
Dated: May 16 2014
Overall, starts advanced with a 13.2% monthly jump, but that was almost entirely due to a 40% spike in multifamily rental projects. The 1.072 million unit pace was up 26.4% on a year-ago basis. Analysts expected 0.980 million units for April, according to the U.S. Census Bureau.
The April surge was all multifamily. The single-family component edged up a mere 0.8% in April, following a 9.3% jump the prior month.
Housing permits gained 8%, following a 1.1% dip the prior month. The annualized rate of 1.080 million units topped expectations for 1.020 million units and was up 3.8% on a year-ago basis. Again, strength was in the multifamily component which was up 19.5% while the single-family component rose a modest 0.3%. Read More Here...
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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