US Housing Starts

US housing starts were up 10% in January, led by multifamily building The 46% increase in the Northeast was the highest in the country

(Credit: Pexels)

Housing starts nationwide jumped 9.7 percent in January over December, thanks largely to a 19.7 percent increase in residential rental and condominium star上海同城对对碰交友社区 上海夜网论坛ts the biggest increase since December 2016.

The annual pace of starts nationwide last month was 1.33 million, up from 1.21 million in December and up from 1.24 million last January, according to the Department of Commerce. January’s increase followed December’s sharp drop of 8.2 percent to an annual rate of 1.19 million starts, the largest since November 2016. Single-family construction was up 3.7 percent nationwide.

Construction was up in all corners of the country but the Midwest, where it dropped 10.2 percent. The Northeast was the s上海贵族宝贝交流区 上海贵族宝贝论坛trongest market, rising 45.5 percent. That’s an increase four times higher than in the West, which saw the next highest increase爱上海同城对对碰 爱上海同城论坛. The South was up 9.3 percent. In November, both the South and West recorded their highest monthly rates sin上海贵族宝贝论坛 上海贵族宝贝ce July 2007.

Building permits rose 7.4 percent in January, which means there’s good indication homebuilding will continue to be healthy in the near future.

Home prices remain strong thanks to low上海贵族宝贝论坛 上海贵族宝贝 supply. Prices rose 6.2 percent between November 2016 and November 2017, according to Standard and Poor’s CoreLogic Case-Shiller national home price index. Seattle, Las Veg[……]

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Former bank CEO’s Chappaqua estate listed for $6.2M

The former chairman and CEO of Bank of New York Mellon, Gerald Hassell, listed his 6.4-acre Chappaqua estate 上海同城对对碰交友社区 上海夜网论坛and a neighboring 4.4-acre lot for for $6.2 million. The 8,816-square-foot Normany Tudor main home is available for $4.9 million, while the other parcel is listed for $1.3 million. Claudine Colletti of Giner Realty and Ryan Serhant of Nestseeke上海千花社区 上海千花网交友rs International share the listings. [Lohud]

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