APARTMENT SURGE BOOSTS NEW HOME NUMBERS
Construction of new homes posted the biggest increase in more than 2 years, thanks to a
jump in apartment connstruction, the Commerce Dept. in Washington reported last week.
The single-family sector dropped y 1.7% to an annual rate of 692,000 units, but apartment
building jumped by 36% to a seasonally adjusted annual rate of 340,000 units.
Building permits also showed a gain.
In TEXAS the MEDIUM PRICE for a home in MARCH 2008 was $147,100, but in MARCH 2007 it
was $144,700 or a 1.6% INCREASE IN PRICE THIS YEAR from last year at the same time.