2005 U.S. Housing Market Conditions

HUD announces the release of its latest analysis of the housing market, based on performance numbers of housingproduction, sales, affordability, and multi-family housing unit production.

The report finds that thehousing sector of the U.S. economy remained strong duringthe first quarter of 2005. Compared to the first quarterof 2004, permits for new homes were up 5.3 percent;construction starts were up 7.3 percent; new housingcompletions were up 6.0 percent; and shipments of newmanufactured homes were up 9.0 percent. Sales of existinghomes and new single-family units were also up, despitethe continuing rise in their median prices. Americanfamilies grew their income enough to offset higherinterest rates and the increases in home prices. Permitsfor new multi-family units were up 17.8 percent. Thesedata, and more, are reported for national and regionallevels and can be compared to historical trends.

[Editor's note: The link below is to a PDF document.]

Thanks to HUD User News

Full Story: U.S. Housing Market Conditions 1st Quarter 2005

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Red necktie with map of Boston

Tie one on to celebrate your city!

Choose from over 20 styles imprinted with detailed city or transit maps.
$44.95

Essential Readings in Urban Planning

Planning on taking the AICP* Exam? Register for Planetizen's AICP * Exam Preparation Course to save $25.