New Housing Starts Surges in January, 2006 : The Real Estate Bloggers

New Housing Starts Surges in January, 2006

February 16th, 2006 • Related • Filed Under

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Housing starts set record levels in January as builders capitalized on warmer than normal weather allowed the housing industry to be much more productive than normal. While few experts take this as a sign of renewed vigor in the real estate market, the numbers  do poke a hole  in the perception that a national housing bubble is imploding.

The Commerce Department reported Thursday that building activity was up 14.5 percent last month when compared to December, pushing construction to a seasonally adjusted annual rate of 2.276 million units.
That was the fastest construction rate since March 1973, but it was expected to be a one-time blip caused by unusually warm weather in January that prompted builders to start work on more homes. Analysts are forecasting that housing construction will slow this year as the nation’s five-year housing boom quiets down. via  Yahoo! News.

It will be interesting to see the stats on a regional and metro basis. My guess, most of America saw increases in starts, especially in the southeast. Northeast and the Washington DC areas saw very little improvement along with California.

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