Housing hits new record
Published January 20th, 2006 in The MarketDespite a drop in activity in December, 2005 was still a banner year for the housing market. From today’s Sun-Times:
The Commerce Department reported Thursday that construction of single-family homes and apartments totaled 2.065 million units last year. That was an increase of 5.6 percent over 2004 and pushed total construction to the second highest level on record, exceeded only by 2.357 million units built in 1972.
Construction of single-family homes hit an all-time high for the third straight year, rising to 1.714 million units, up 6.4 percent from the previous record of 1.611 million single-family homes built in 2004.