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January, a Great Month for Housing Starts


Statistics keep pouring in and the news is great for the construction industry.

According to MarketWatch.com, new home starts in January rose a robust 10% from the month before. That’s the 2nd highest level since the Great Recession.

More good news: Permits to build new homes also hit a 10½-year high, rising 7.4% to an annual rate of 1.4 million.

While some of these new housing starts can be attributed to bad weather conditions in December, the bulk of the new starts are directly related to a strong economy and high consumer confidence.

Building increased in the North, South and West. Two-thirds of the new units on which construction began were single-family homes, the bread-and-butter of the housing market. Happy days are here again!

For the full article, click HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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