US Building Permits Surge in April


Applications for new construction (building permits) reached a five-year peak in April, evidence that the housing revival will be sustained.

The Commerce Department said Thursday applications for building permits rose 14.3% to a rate of 1.2 million, the most since June 2008.

Builders are benefiting from a sustained rebound in housing that began a year ago. Steady job growth, rock-bottom mortgage rates and rising home values have boosted demand.

Posted by Kevin Aizenshtat, Realtor at Gulf Coast International Properties. [email protected] or 239-777-1451.

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Kevin Aizenshtat
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