While February's Housing Starts were down 1.1% for the month, Building Permits bumped UP 5.1%, to their highest level since 2008. The housing recovery is full of opposites. In spite of that monthly dip, starts are UP almost 35% from a year ago. And before their February slip, single-family starts went up four months in a row to an 18-month high.
February Existing Home Sales fell 0.9% but are UP 8.8% over a year ago. And while the median price rose, a good thing, the supply also rose, not a good thing, but is still only 6.4 months. Friday, New Home Sales were off 1.6% for February, at a 313,000 annual rate, but the months' supply is only 5.8, inventories are at record lows and the median price of new homes sold is UP 6.2% from a year ago, all good things.
BUSINESS TIP OF THE WEEK... Watch out for stress. When you feel it, just stop, relax and enjoy the world around you. Then focus that positive energy on new business and profits.
If you are looking to buy or sell a home in the Anderson or Greenville SC real estate areas, visit our website at www.SheilaNewtonTeam.com for tons of great information.
Sheila Newton Team
Berkshire Hathaway HomeServices -
C. Dan Joyner, Realtors