Lamorinda Home Finder

Just another WordPress site

  • About
    • Client’s Corner
  • Communities
    • Alamo
    • Concord
    • Danville
    • Lafayette
    • Moraga
    • Orinda
    • Pleasant Hill
    • Walnut Creek
  • Services
  • Resources
    • Seller’s Guide
    • Buyer’s Guide
  • Contact
  • Blog

Decline In Housing Starts Temporary: NAR

January 25, 2018


The decline in December housing starts announced recently is “disappointing but surely not lasting,” reports Lawrence Yun, chief economist for the National Association of Realtors (NAR). Yun noted that new home construction still ended 2017 as the best year since 2007 with 1.2 million units. Single-family housing starts in December were 836,000 units, nearly 12 percent below the November figure, according to the U. S. Department of Commerce.  “Given that  both new and existing homes sold briskly throughout last year and at notably higher prices, housing starts should easily surpass 1.3 million in 2018,” Yun said.  The much needed additional inventory will help “calm price appreciation. That would be a good trend for housing affordability, especially in a likely higher mortgage rate environment later this year,” he continued.

Tagged With: California Real Estate, Homebuilders, Housing Starts, National Association of Realtors, New Residential construction, U. S. Department of Commerce, U.S. Home Prices

CA BRE #01211313

Coldwell Banker Residential Brokerage
CA BRE #00616212

5 Moraga Way
Orinda, CA 94563

info@lamorindahomefinder.com

Office: 925-923-4600
Mobile: 925-878-2334
DRE: #01211313

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

What’s My Home Worth?

Please fill out the information below and I will be in touch with you shortly.

Copyright © 2021 · Joanne Fishman · All Rights Reserved