PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Housing Starts Rise after 8 Months

Wednesday, April 1, 2009

Comment | More

Nationwide housing starts turned upward in February for the first time in eight months, posting a 22.2 percent gain that was due primarily to a big bump on the often-volatile multifamily side, according to numbers released by the U.S. Commerce Department.

Single-family housing starts inched up slightly more than 1 percent for the month.
 
“Builders did pull a larger volume of single-family permits in February, suggesting a glimmer of hope for the prime home buying season, which is near at hand,” said Joe Robson, a home builder from Tulsa, Okla., who chairs the National Association of Home Builders.

“That said, we realize there’s a need to be extremely cautious in terms of new building activity going forward, because there’s still quite a lot of inventory out there that needs to be absorbed as foreclosures continue to flood the market in many areas.”
 
Total U.S. housing starts rose 22.2 percent to a seasonally adjusted annual rate of 583,000 units in February. This gain reflected an 82.3 percent surge to a 226,000-unit pace on the multifamily side and a 1.1 percent gain to a 357,000-unit pace on the single-family side.
 
Regionally, the only area of the country to post a lower rate of total housing starts for February was the West, with a 24.6 percent decline. The Northeast posted the largest gain, of 88.6 percent, reflecting a rebound from a nearly equal decline in the previous month. Meanwhile, the Midwest posted a 58.5 percent gain following a deep plunge in January, and the South posted a 30.2 percent gain. January-February averages were well below the monthly averages for the final quarter of 2008 in all regions of the country.
 
Building permits, which can be an indicator of future building activity, rose 3 percent overall to a seasonally adjusted annual rate of 547,000 units in February. This reflected an 11 percent gain in single-family permits to 373,000 units and a 10.8 percent decline in multifamily permits to 174,000 units.
 
By region, building permits recorded a 27.6 percent gain in the Northeast, no change in the Midwest, a nearly 6 percent improvement in the South, and a 13.6 percent decline in the West in February.

   

Tagged categories: Construction; National Association of Home Builders; Residential

Comment Join the Conversation:

Sign in to our community to add your comments.

SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


Armorthane
Polyurethane and Polyurea Sprayed-On Protection

Buy POLYURETHANE or POLYUREA coatings and spray equipment for years of proven chemical resistance, water- and weather-proofing, and structural improvements.


CS Unitec
Work Cleaner and Safer

CS Unitec’s Vibro-Lo low-vibration scalers offer high performance for greater productivity & improved operator comfort. Optional dust shroud. info@csunitec.com


Axxiom Manufacturing
Schmidt Improves Conversion Kits

Schmidt's conversion kits turn out-of-date blast pots into high quality, efficient blasters. Quick, easy to install with step by step instructions.
Call 1-800-231-2085


GMA Garnet USA
GMA Garnet™
Natural Abrasives

- Superior cleaning
  performance
- Even Profile
- Low Dust
- Cost-Effective
- Environmentally friendly
- Recyclable up to 5 times
Tel : +1 832 243 9300


CHLOR*RID International Inc.
Free Webinar

Learn about soluble salts, along with a discussion on allowable levels.
More information at
www.chlor-rid.com,

800-422-3217


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

Wasser Coatings offer a complete range of Moisture Cure Urethane (NEPCOAT approved) systems in addition to Polyurea membranes and linings(NSF).
www.wassercoatings.com


Harsco
BLACK BEAUTY® App

Download the free app for BLACK BEAUTY® Abrasives. Explore all the features from the palm of your hand.
Toll Free: 1-888-733-3646


Montipower, Inc.
The MBX Bristle Blaster

Get a 2.7 to 3.3 mil profile and a Near White Metal Clean. For info visit www.mbxit.com or call 877 629-8777


U.S. Zinc
Zinc. Quality With U.S.

We provide a superior experience to each of our customers. Through added infrastructure, we have become a fully integrated REACH-registered supplier.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com