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New Home Construction at Highest Levels in Almost 4 Years

Housing Starts Increase 6.9% from May to June

According the Census Bureau, housing starts have increased 23.6% from the same time last year, at a seasonally adjusted rate of 760,000 units per year, and at the highest level since October 2008. Single family housing starts increased 4.7% from May to June of this year (seasonally adjusted rate of 539,000 homes per year), a 21.7% increase from this same time last year, and the highest level since April 2010. This increase in new home construction corresponds with a spike in the National Association of Home Builders/Wells Fargo Housing Market Index in July 2012 to 36, the highest point since March 2007.

Have you personally noticed an increase in new home construction in the past year?

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