New Stats
BCREA (British Columbia Real Estate Association) ECONOMICS
just announced that:
US Housing Starts/Permits - January 19, 2011
US housing starts fell back 4.3 per cent in December to an annualized rate of 529,000 units, retracing a 3.8 per cent gain in November. US housing starts remain at a depressed level and are a long way from the pre-recession peak of 2.3 million units. However, building permits climbed nearly 17 per cent to an annualized rate of 635,000 as a result of a 54 per cent increase in multiple unit starts. This signals a modest increase in new home construction for the first quarter of 2011.
BCREA represents 12 member real estate boards and their approximately 18,000 REALTORS®
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