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Mark Fleming Fleming says it’s important to consider the impact of construction labor on the velocity of new-home construction.

ORANGE COUNTY, CA—Housing starts are up and foreclosure activity down for the first month of 2018, indicating a strong start for the sector, ATTOM Data Solutions and First American Financial Corp. say.

First American reports that a new-residential-construction report for January shows that the number of permits issued—a leading indicator of housing starts—increased by 7.4% year over year, and housing starts increased by 7.3% compared with a year ago. Also, the stock of housing units authorized to be built increased by 10.5%, and the number of housing units under construction also increased by 4.6% on an annual basis. The number of completed homes—additional new net supply added to the housing stock—increased by 7.7% compared with a year ago.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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