La Jolla Real Estate - Rebound in Home Construction shown in November

La Jolla Real Estate, Del Mar Homes, Rancho Santa Fe, Carmel Valley, University City and Downtown San Diego real estate,
homes and condos for sale in California - Ruth Mills & the Mills Team, REALTOR.

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DEC. 26, 2006
Rebound in Home Construction shown in November
Construction of new homes showed an increase during the month of November. This positive figure was posted even though applications for new home permits shoed a decrease for the 10th consecutive month.

Construction of new homes increased in November by 6.7%. This figure is reported by the Commerce Department. The rebound was anticipated by analysts in light of the 13.7% drop in construction activities in the month of October.

The Commerce Department also reports that applications for new home construction permits fell by 3% in November.

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