Permit issuance peaks in Houston

Construction activity was robust in Houston last year.A new Houston real estate report gives fuel to the notion that everything really is bigger in Texas.According to real estate statistics from the U.S. Census Bureau and a Texas-based real estate consulting firm, more single-family housing permits were produced in Houston than in any other market in 2012, totaling nearly 28,600 overall. The second-highest was Dallas in a distant second at 12,623.In fact, of all the metro areas that were tracked, roughly one-fourth of them were in the Lone Star State, as Austin and Fort Worth also made the list.Phoenix, Atlanta and Washington rounded out the top five metro areas where the most permits for construction companies were produced.At the national level, housing permit issuance picked up in the first month of the year. According to the Commerce Department, permits increased nearly 2 percent for single-family units, totaling 584,000 on a seasonally adjusted annual basis and by 925,000 when including multi-family. That's the highest number of permits issued in one month since 2008.Housing starts, however, dipped to a seasonally adjusted annual rate of 890,000 for the first month of the year.Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.

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