Permits and construction
Likely due to the expiration of the home buyer tax credit, permits for single family homes indicate future building and are down 10.7% in April compared to March, showing restraint in the new home construction sector as builder confidence continues to rise.
2010 is proving to be a more stable year for builders and despite a drop from March, building permits are up 15.9% from April 2009.
This April brought a rise in housing starts, up 10.2% from March as well as a jump in housing completions which are up 14.6% above March.
CC Licensed image courtesy of europedistrict via Flickr.com.
