Housing Market Hammers Pessimists

Though November’s total building permits (single-family and multi-family) were down 3.1% from the 1,039,000 permits builders pulled in October — a five-year high — they remained over 1 million for the third month in 2013. Several states and MSAs dominate the housing data for single-family starts. Of the top 25 MSAs for single-family permits, the four largest housing markets in Texas — Houston, Dallas, Austin and San Antonio — have accounted for more than 60,000 building permits. 

If you are still standing on the sidelines and are uncertain if the recovery in the residential market is for real, in many local markets you may get run over by homebuilders on their way to break ground in new housing developments.

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TAGS: Residential
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