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Positive January for the Housing Market

Housing starts are up and foreclosure activity down for the first month of 2018, indicating a strong start for the sector, ATTOM Data Solutions and First American Financial Corp. say.

Mark Fleming Fleming says it’s important to consider the impact of construction labor on the velocity of new-home construction.

ORANGE COUNTY, CA—Housing starts are up and foreclosure activity down for the first month of 2018, indicating a strong start for the sector, ATTOM Data Solutions and First American Financial Corp. say.

First American reports that a new-residential-construction report for January shows that the number of permits issued—a leading indicator of housing starts—increased by 7.4% year over year, and housing starts increased by 7.3% compared with a year ago. Also, the stock of housing units authorized to be built increased by 10.5%, and the number of housing units under construction also increased by 4.6% on an annual basis. The number of completed homes—additional new net supply added to the housing stock—increased by 7.7% compared with a year ago.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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