Dec 21

Housing Permits Soar to 4 1/2 Year High

Housing Permits Soar to 4 1/2 Year High

Housing Permits Soar to 4 1/2 Year High, Image by ddpavumba & FreeDigitalPhotos.net

Housing Permits Soar to 4 1/2 Year High, Image by ddpavumba & FreeDigitalPhotos.net

Housing permits — a gauge for future construction — soared 3.6 percent in November over December, reaching its highest level in more than four years, the Commerce Department reported Wednesday. The increase is a sign that growth in new-home construction will continue through 2013, according to the National Association of Home Builders.

The gain in housing permits was largely attributed to a 10.6 percent gain in multifamily permits.

“Many builders have reported improving conditions in their local housing markets and are increasingly optimistic about the spring buying season, but they are being very careful not to get ahead of demand,” says Barry Rutenberg, chairman of the NAHB.

After posting three consecutive months of strong gains, housing starts reversed course in November, dipping 3 percent to a seasonally adjusted annual rate of 861,000.

NAHB Chief Economist David Crowe called the housing starts in November a readjustment from significant gains the previous months to a “more sustainable level of production.”

Crowe says that new-home starts are on track for a projected 25 percent increase in housing production for 2012.

In November, single-family housing starts fell 4.1 percent; multifamily starts dropped 1 percent.

On a regional basis, single-family and multifamily starts rose 3.3 percent in the Midwest and 2.9 percent in the South. Housing starts fell 19.2 percent in the West and 5.2 percent in the Northeast.

Source: National Association of Home Builders and “Home Building Permits Near 4 1/2 Year High,” Reuters (Dec. 19, 2012)

 

admin

For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.

Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.

Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.

When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.

For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.