Daily Archives: January 22, 2025

Housing Starts Spike 15 Percent in America in Late 2024

A new report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reveals that housing starts rose by 15.8% in December, reaching a seasonally adjusted annual rate of 1.50 million units — the highest level since February 2024. Driven by strong demand, single-family construction saw growth in December 2024, despite…

89 Percent of Homes Destroyed by Los Angeles Fires Were Single-Family Residences

According to Redfin, approximately 14% of homes within the perimeters of the Palisades and Eaton fires in the Los Angeles area have been destroyed or damaged. This amounts to 6,354 homes, of which 5,449 (86%) were completely destroyed, and 905 (14%) sustained damage. On a broader scale, these fires affected 0.17% of all homes across…