Housing starts fell 2% in January to a 1.07 million annual rate from 1.09 million in the prior month. The decline was primarily due to a drop in single-family starts which contracted by 6.7 percent to a 678,000 rate in January from 727,000 the previous month. The latest housing start figure seems to indicate that the housing recovery continues to be uneven.
New home sales rose more than expected in April to a seasonally adjusted annual rate of 517,000 units, a 6.8% improvement over the March number of 484,000 units and above
In releasing a state spending plan for the next fiscal year, Gov. Jerry Brown revisited efforts to increase new housing through legislation that would streamline permitting and create incentives for
Property developers are pouncing on sustained demand for stand-alone home rentals by taking a big step: Building entire single-family neighborhoods designed for renters. When the housing market crashed, investors took
