Jump in building permits in Uptick in new home sales

The U.S. Census Bureau and the Department of housing and urban development
they were released the new housing sector statistics to March 2011.

Housing starts data estimates how much new construction residential real estate
He appeared in the previous month. Construction of a new means Digging has begun.
Add facilities or renovation of old are not counted, the constructor must be
To build a new home (may be on the old Foundation If renewal). Although
The report offers a family of single-chassis, 2-4 Unit housing and 5-units and above
housing data, single family housing is by far the most important, because it constitutes a
70-80% of the total building of origin (which should be moving more towards
Houses in multiple occupation in the coming years).

Building permits data provides an estimate of the number of homes on planning
in the course of construction. This indicator mainly tracks how many future construction
activities we should have a place in the future. These data are part of the
The Conference Board index of leading economic indicators.

Here is a quick recap of Reuters.

RTRS-us MARCH HOUSING STARTS with + 7.2 PCT
VS-18 FEB. 5 PCT (PCT PREV-22.5)

RTRS-USA on MARCH HOUSING STARTS 549,000
UNIT RATE (CONSENSUS 520,000) VS. FEB 512,000 (PREV 479,000)

RTRS-us MARCH HOUSING ALLOWS + 11.2
PCT VS FEB-5.2 PCT

RTRS-us MARCH HOUSING ALLOWS 594,000
UNIT RATE (CONSENSUS 540,000) VS. FEB 534,000

RTRS-USA MARCH SALE STARTS
+ 7.7 PCT to 422,000 UNIT RATES; MULTIFAMILY + 5.8 PCT to 127,000 UNIT RATES

RTRS-us MARCH HOUSING ALLOWS for 5 UNITS
Or MORE at 173,000, the highest SINCE JAN 2009

Fragments from the release.

BUILDING PERMITS

Privately owned
Housing units authorized by building permits in March were at a seasonally adjusted
adjusted annual rate of 594,000. This is the percentage of 11.2 (+ 2.6%) above the revised
Rate February 534,000, but it is the percentage of 13.3 (+ 1.3%) below the March 2010
estimation of 685,000.

Sale of authorisations in
March were at a rate of 405,000; This is the percentage of 5.7 (+ 1.1%) above the revised
Figure February 383,000. Admission of units in buildings with five
units or more were at a rate of 173,000 in March.

HOUSING STARTS

Starts the privately-owned dwellings were in March
According to the seasonally adjusted annual rate of 549,000. This is the percentage of 7.2 (± 18.0%) *
the above revised forecasts February 512,000 but is 13.4 percent (+ 9.1%)
below rates March 2010 634,000.

Free-standing housing starts in March were
The rate of 422,000; This is the percentage of 6.7 (± 15.0 percent) * above, revised February
Figure 392,000. Pointer to the March for units in buildings with five units or
more was 117,000.

Chassis Completions

Privately owned
Housing completions in March were at a seasonally adjusted annual rate of
509,000. This is below the revised forecast February 14,2% (+ 13.9%)
593,000 and is 20.8% (± 9.6%) below the rates March 2010 643,000.

Free-standing housing completions
in March were at 374,000; This is the percentage of 22.2 (± 9.4 percent) below
Revised February rate 481,000. Pointer to the March for units in buildings with
five units or more was 130,000.

-------------------------

We are able to Brand oriented future observations about new Home sales since the study of a new home sales is primarily based on the sample
homes selected from building permits data.  Building permits were 11.2% in March, as new home sales should make some positive progress in March, as well ... with a record low of course. Read more