WASHINGTON -- Sales of newly built, single-family homes surged 14.8% to a seasonally adjusted annual rate of 504,000 units in April as consumers rushed to beat the deadline for expiring home buyer tax credits, according to data released by the U.S. Commerce Department.
WASHINGTON – Housing starts are expected to make gains in 2010, but the rate of growth will be hampered by the nation’s double-digit unemployment levels, according to David Crowe, chief economist of the National Association of Home Builders.
OTTAWA — The seasonally adjusted annual rate of housing starts reached 174,500 units in December 2009. This is an increase from an annual rate of 164,800 units in November, according to Canada Mortgage and Housing Corp. Actual housing starts for 2009 are being verified and will be reported in the January edition of Monthly Housing Statistics. They are expected to be lower due to low monthly rates earlier in the year.