Categories: Real Estate & HousingRetirement Planning and Investing

New Housing Permits Hit Highest Mark in Six Years

New Housing Permits Hit Highest Mark in Six Years (Reuters)

The U.S. Department of Commerce announced today that all four regions of the United States experienced a rise in housing starts in April that resulted in a 13.2 percent increase year over year. In addition, the department also reported that building permits hit their highest level in nearly six years, rising to 980,000 units (a 26.4 percent increase year over year). Together, both offer optimism that the U.S. housing market could be stabilizing. For investors, that means keeping an eye on homebuilders like DR Horton (DHI), Lennar Corp (LEN), Toll Brothers Inc. (TOL) and Pulte Homes (PHM).

Exclusive The Retirement Tax Bomb: How to Defuse It Before It's Too Late

Wayne Ellis

Wayne Ellis has been involved in the financial publishing industry for more than 15 years. During that time, he has helped to edit, to market and to launch products and services for Ernst & Young, LLC, Fidelity Investments, Agora, LLC, and Eagle Financial Publications. He currently puts his broad-based experience and industry expertise to use as a contributing writer for Eagle Financial Publications. He also is a graduate of Arizona State University.