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US homebuilders request most permits in 3½ years

U.S. builders requested the most permits in March for single-family homes and apartments in 3½ years, suggesting that many expect the housing market to improve over the next year. The Commerce Department said Tuesday that permits, a gauge of future construction, rose 4.5 percent to a seasonally adjusted annual rate of 747,000 in March. That’s… Continue Reading US homebuilders request most permits in 3½ years

When Jared St. Aubyn went to contractors in 2009 and said he wanted to start his own homebuilding business, they raised their eyebrows. “I’m pretty sure most people thought I was nuts,” St. Aubyn said. It was a time when new housing starts were their lowest in decades, new homes sales were nearly dead and… Continue Reading St. Aubyn’s homebuilding business wins on bold bet

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There’s hope on the horizon for the home building industry. National Association of Home Builders April Housing Market Index data, released April 24, suggests that the new home market may be at or near the bottom. The HMI, which measures builder confidence in the single-family housing market, jumped five points in April, the largest one-month… Continue Reading Housing market index: activity at or near bottom

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