U.S. Home Construction Reaches Strongest Pace in a Year, But Falls in the West

LA Times

Associated Press

Construction of new homes in the United States climbed 13.7% in October, the biggest jump in a year, as builders broke ground on more apartments and single-family houses. But the increase wasn’t spread nationwide: Construction declined in the West. The Commerce Department said Friday that the monthly gain put U.S. housing starts at a seasonally adjusted annual rate of 1.29 million units. That is the best pace for home construction in 12 months.

Read More

Previous CalSTRS Forms New US Housing JV
Next Foremost Companies Announces Grand Opening of Two All-Age Neighborhoods in Temescal Valley

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market

More 2015 Housing Market Predictions

In this article from Forbes, 11 factors that are likely to play into the housing market in 2015 are outlined. The bottom line – expect modest improvement in housing market

Housing Market

Los Angeles Housing Market Continues to Show Strength

Housing prices in greater Los Angeles rose 4.8% from the prior quarter while sales improved by 6.5% with houses staying on the market an average of five days. The median

Housing Market

California Housing Markets are Starting to Stall

According to data compiled by the California Association of Realtors, California’s housing markets are showing signs of stalling.