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US housing market riding high

Series: RICS News Service ; 20 August 2003 (1)Publication details: 2003Subject(s): Online resources: Summary: US home construction reached its highest level in 17 years according to the US Commerce Department. New housing starts climbed to 1.87m in July, up 1.5% from the previous month with single-family housing starts up 1.9% up on June at 1.52m, the highest since 1978 and the third highest figure on record. The National Association of Realtors' statistics show that existing condominium and co-operative sales set a record in the second quarter 2003. The National Association of Home Builders reports that builder confidence in the market for new single-family homes surged in August as home buyers rushed to get mortgages at attractive rates. http://www.rics.org/ricscms/bin/show?class=News&template=/includes/shownews.html&id=6761&region=USA&region=Americas
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Journal article London Journal article WB3931-23 (Browse shelf(Opens below)) 1 Available 123339-1001

US home construction reached its highest level in 17 years according to the US Commerce Department. New housing starts climbed to 1.87m in July, up 1.5% from the previous month with single-family housing starts up 1.9% up on June at 1.52m, the highest since 1978 and the third highest figure on record. The National Association of Realtors' statistics show that existing condominium and co-operative sales set a record in the second quarter 2003. The National Association of Home Builders reports that builder confidence in the market for new single-family homes surged in August as home buyers rushed to get mortgages at attractive rates. http://www.rics.org/ricscms/bin/show?class=News&template=/includes/shownews.html&id=6761&region=USA&region=Americas