Homes Are Getting Bigger

Homes are getting bigger. Does that mean the housing market is getting stronger? Newly released data from the U.S. Census Bureau shows homes are growing in size. In fact we may see a high water mark in 2012. According to this article, homes are typically built smaller in times of economic downturn and larger during times of prosperity.

Housing Starts Slow But Permits Rise

A recent report by the U.S. Department of Commerce states a decline in housing starts due to the slowdown in the apartment and multi-family sector. However there was an increase in permits, which is an indicator of future starts, and also single family housing starts currently underway.

Phoenix Housing Market Continues Recovery

According to Michael Orr, real estate expert at A.S.U.’s  W.C. Carey School of Business, the Phoenix housing market is continuing to recover. He also says that traditional homes sales are on the increase.

Home Ownership On Decline

A big part of the American dream is slipping away as owning a home becomes more elusive for people across the country. According to a Bloomberg article, home ownership has fallen to its lowest level since 1997.