Real Estate Market

US Housing Starts Rose in August

There’s no denying that the Real Estate market has been up and down recently but the good news is that housing starts actually rose during the month of August and this certainly be a welcome relief for a housing market that’s been hard up for inventory in recent years.

About Housing Starts in August

U.S. housing starts grew modestly last month, driven by an outsize jump in an apartment building that masked weakness in the pipeline for single- and multifamily construction.

Housing starts increased 9.2% in August from the prior month to a seasonally adjusted annual rate of 1.282 million, the Commerce Department said Wednesday. This rise in the building was driven by a robust 29.3% climb in the volatile multifamily sector that likely won’t be sustained.

Building permits, a more stable measure that can signal how much construction is in the pipeline, were down for multifamily building, a sign that demand continues to cool for apartments and condominiums.

Search for Homes in Dallas Texas

To get started with searching for homes in Dallas Texas contact me, Heath Olinger, Realtor® with Rogers Healey and Associates by calling me at (972) 523-1389 or click here to connect with me online.

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Growing up in Tarrant County and later moving to Dallas County, Heath is well versed in the Dallas-Fort Worth Metroplex. After graduating from Southwest Texas State University, and then receiving his MBA, he wasn’t fulling his passion of remodeling houses and finding the next person to call it home. After remodeling a few house on his own, he decided to take it to the next level and help others find their dream homes to accomplish their goal of calling it home. “I really want to be the Real Estate Professional that remembers the agony of waiting to hear back from buyers or sellers on a sale and ensure communication is fulfilled along the way, the waiting can be torture when you are excited for your next buy or sell”. Dedication, professionalism and the “can do attitude” are all the traits you will find in Heath.

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