Housing Inventory and Building Starts

by | Feb 16, 2018 | Uncategorized | 0 comments

Housing starts were up 7.3% (annualized rate of 1,326,000 units) and building permits were up 7.4% (annualized rate of 1,396,000).  The growth in permits was the highest since 2007.  (Source:  Census Bureau and HUD) While these numbers are very positive


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The Newport Beach Home Price Index (NBHPI™), Newport Coast Home Price Index (NCHPI™), and the Balboa Island Price Index (BIPI™) each represent compilations of sales activity based in whole or in part on data compiled from the CRMLS multiple listing service, and includes properties sold by other brokerages. The accuracy of the information on this website is deemed reliable, but is not guaranteed by Girling REIG or the CRMLS. Any individual or entity intending to rely on this information should seek verification and verify the accuracy through personal investigation or investigation by appropriate professionals. All information and materials are provided "as is" without any warranty of any kind, either expressed or implied.