New Home Construction Up Sharply in February
March 25th, 2009 by Sam Simon. Posted in Construction Business OwnerThe U.S. Census Bureau and the Department of Housing and Urban Development recently released their figures for privately-owned housing starts in February and with this announcement comes encouraging news: Housing starts were at a seasonally adjusted annual rate of 583,000 which equates to a 22.2 percent increase from January 2009.
This is still 47.3 percent below the revised February 2008 rate of 1,107,000 so housing starts are no where near where they once where. But for those who are the glass half-full type this increase over last month could signal a “bottoming-out” or initial indications that the credit freeze is beginning to thaw.
March 26th, 2009 at 8:23 am
The construction field always has it ups and downs and is always changing but progress will never stop.Even in a questionable economy there is always room for growth and expansion. The will and strength of the people is what makes us all able to move forward and accomplish great feats together. and construction has always been the backbone of this country no matter the economic status.
April 13th, 2009 at 9:07 pm
great tips. I enjoyed reading this