Building permits in December 2012 were at a seasonally adjusted annual rate of 903,000, up 0.3 percent from the revised November rate and up 28.8 percent from December 2011. Housing starts in December 2012 were at a seasonally adjusted annual rate of 954,000, up 12.1 percent from the revised November estimate and up 36.9 percent from December 2011. For 2012, overall, building permits increased 30.3 percent and starts grew 28.1 percent.
New Residential Construction, also known as "housing starts and building permits," is a monthly report released by the Economics & Statistics Administration, U.S. Department of Commerce, from data co-gathered by the Census Bureau and the Department of Housing and Urban Development that comprises data on the construction of private residential structures, such as single-family homes and apartment buildings.
Chris Bryant, MBA, RFC® is founder & CEO of Bryant Wealth Management, Inc. – a Washington State Registered Investment Adviser. Bryant provides independent, fee-only, financial planning services for individual investors. Since 1999, Chris has devoted himself to helping people make money, save money, protect money, have convenience and peace of mind. Connect with Chris by E-mail or call 1-800-980-3048 toll free.
Chris Bryant is an American financial advisor.