n/a
JULY 17, 2009
National housing starts off by half since 2008
Mixed news from the Wall Street Journal. National housing starts are up month to month, but way down year to year:
Home construction unexpectedly rose 3.6% in June from the prior month, building permits surged, and single-family starts climbed, according to data that adds to evidence the housing sector is beginning to heal.
Housing starts increased 3.6% to a seasonally adjusted 582,000 annual rate compared to the prior month, the Commerce Department said Friday.
Housing starts were 52.0% lower than the pace of construction in June 2008.
It's roughly the same story locally. I won't have the hard numbers until later, but Tampa Bay area housing starts still look weak compared to a year ago. But they're higher than they were at the start of the year.
Join the discussion: Click to view comments, add yours
Most Recent Blog Posts
1 in 5 Tampa Bay offices vacant April 05
About the blog
Housing market news is the focus of the (Un)Real Estate blog. It offers an inside look at the Florida housing market and real estate news, with a focus on Tampa Bay. Its goal? Simple: To help you keep a roof over your head without losing your shirt.
Advertisement
Follow us on Facebook
TampaBay.com on Facebook
Comment Policy
| Please be sure your comments are appropriate before submitting them. Inappropriate comments include content that: |
| Is libelous |
| Is abusive, harassing, or threatening |
| Is obscene, vulgar, or profane |
| Is racially, ethnically or religiously offensive |
| Is illegal or encourages criminal acts |
| Is known to be inaccurate or contains a false attribution |
| Infringes copyrights, trademarks, publicity or any other rights of others |
| Impersonates anyone (actual or fictitious) |
| Solicits funds, goods or services, or advertises |
| The St. Petersburg Times does not edit posts but reserves the right to delete comments that violate our policy. |
n/a
