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New Home Starts Surge In September
Leading thinker and economist, Jon Barsanti Jr., has some great news for the strength of the housing industry. His latest article outlines the relationship among 1) single family housing starts, 2) homes under construction, 3) home completions, and 4) home sales. Barsanti states “It was projected that we would see 77,000 to 84,000 single family starts, 1.170 million units under construction, or higher, and 98,900 to 114,000 completions, non-seasonally adjusted. We had our best September starts and under construction data since September 2007.” [bold emphasis added] He goes on to say that “New Home Starts came in at 80,700 single family units.”
Barsanti’s latest article is published on his site “Its The Economy” along with up-to-the-minute analysis of the entire U.S economy! To go straight to this article subheading about the Home Start Data click here
Evidence Is In The Details
This graph has incredible detail, but be sure to stand back and look at the strength of the green bar representing 2019 new home starts. You can see why the American consumer is encouraged, and has new confidence to also go out and buy a home. This is great news for the entire country, but it is wonderful news for the housing market in the Blue Ridge Region of Virginia.
Jon Barsanti Jr. of ItsTheEconomy.info is an economist who has been publishing articles regarding economics since 2014. He was also a REALTOR® for 15 years. Thanks to Jon Barsanti, Jr. for New Home Starts Surge In September.
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