Permits to build new homes increased 4.1% | Chappaqua Real Estate | #BedfordRealEstate


Permits to build new homes increased 4.1% in October to a level of 1.15 million per year. Both single-family and multifamily levels increased by 2.4% and 6.8% respectively. On a year-to-date basis, total permits are up 11.9%; single-family are up 8.6% and multifamily are up 17.2% as the housing market continues its modest pace of recovery.

Housing starts were down primarily due to a fall in multifamily activity which was up significantly in September and expected to readjust. October multifamily starts at 338,000 were the lowest since March 2015 but increased by 10.4% year to date compared to last year.

Source: Permits to build new homes increased 4.1% | Chappaqua Real Estate | #BedfordRealEstate

About robertpaulrealtor 914-325-5758

Realtor in Bedford NY specializing in marketing and selling luxury homes and finding the perfect homes for new buyers. Working in Armonk, Katonah, Pound Ridge, Lewisboro, Chappaqua and North Salem. 914-325-5758 robert.paul@elliman.com
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