Home Building Continues At Pace 25 Percent Higher Than Year Ago

Home BuildingHome building continues at a pace higher than we have seen in a few years, according to the latest new construction report from the U.S. Census Bureau and HUD.  According to the report, permits were issued in April for new homes at a seasonally adjusted annual rate of 617,000 homes, the highest rate in over 2 years and an increase of 27.5 percent from last year.  New home starts in April were at an annual rate of 610,000 homes, a slight decline from March, but a 20.8 percent gain from a year ago and the 5th straight month the rate was in excess of 600,000 homes.

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