Single-family housing market stays hot.(News) From: Contracting Business | Date: November 1, 2003 | COPYRIGHT 2003 Penton Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Recent readings on building permits and housing starts indicate that the new housing market is still hot, and is likely to remain so--at least for single-family homes.

In late September, the government reported that builders took out permits for new housing at a seasonally adjusted annual rate of 1.89 million, 5% above the revised July rate and 11% above the August 2002 rate. For the first 8 months of 2003, permits for single-family homes are 7% ahead of the 2002 pace, a...