Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130419em Hsgmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130419em Hsgmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130419em Hsgmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130419em Hsgmap
Electricalmarketing Com Sites Electricalmarketing com Files Uploads 2013 04 20130419em Hsgmap

Building Starts Rise 7% MTM in March

April 19, 2013
NAHB Chief Economist David Crowe said the data was a “mixed bag” due to the opposite directions of single- and multi-family starts and a weaker amount of permit issuance.
The U.S. Census Bureau said privately-owned housing starts in March were at a seasonally adjusted annual rate of 1,036,000, 7% above the revised February estimate of 968,000 and 46.7% above the March 2012 rate of 706,000. Single-family housing starts in March were at a rate of 619,000, 4.8% below the revised February figure of 650,000. The March rate for units in buildings with five units or more was 392,000.
NAHB Chief Economist David Crowe said the data was a “mixed bag” due to the opposite directions of single- and multi-family starts and a weaker amount of permit issuance. However, he said the numbers indicate “a continuation of the slow, methodical march forward” that characterizes the housing recovery. “The three-month moving average for single-family starts remained unchanged at 628,000 units in March — right on pace with NAHB’s forecast for a 25% gain in new-home production in 2013,” he added.