Housing Starts

Housing Starts: Multifamily Dips but Single-Family Holding Steady

October 19th, 2021
Overall housing starts were down 1.6% in September to 1.56 million, pushed down by declines in multi-family construction. The September is the number of housing units builders would begin if development kept this pace for the next 12 months. However,...

Single-Family and Multifamily Starts See Double-Digit Growth in November

December 17th, 2021
Single-family and multifamily housing starts accelerated in November, due to increasing demand for new construction. Housing starts increased 11.8% to a seasonally adjusted annual rate of 1.68 million units, according to the latest data from the Commerce Department. The November...

December Marked 3rd Straight Month of Increased Housing Starts for Builders

January 19th, 2022
2021 ended with more good news for home builders, with December seeing the third straight month of new residential construction increases, according to the latest report from the Commerce Department release Wednesday. Growth was primarily driven by a 5% increase...

Housing Starts Jump 22.3% Over 2021 Levels

March 18th, 2022
Following a volatile January, residential construction rebounded in February, according to the latest report from the U.S. Census Bureau, released Thursday. The numbers: Building permits Privately‐owned housing units authorized by building permits in February were at a seasonally adjusted annual...

Single and Multifamily Housing Production Show Strong Gains in February

March 21st, 2022
The housing market may be red hot, but it’s also strained by inflationary challenges, and construction costs have been especially impacted. Still, total housing starts showed positive gains in February as demand remained high in the broader housing market that...

Housing Starts Rise in March Despite Mortgage Rate Hikes

April 19th, 2022
Construction of new homes increased last month, despite a surge in mortgage rates, according to new data released today from the U.S. Census Bureau and U.S Department of Housing and Urban Development. According to the new data, housing starts increased...

Slower Price Gains and Increased Housing Starts on the Horizon

May 6th, 2022
From surging home prices and inventory shortages to elevated inflation adding to the mix, no one could’ve predicted how the housing market or U.S. economy would rebound from the pandemic. As those changes continue to impact the real estate and...

Builder Confidence Down for 6th Consecutive Month

June 15th, 2022
Home builders are seeing hard times ahead as the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) measuring builder confidence fell to its lowest reading since June of 2020, responding to an increase in mortgage rates and...

Building Claws Higher in July

August 16th, 2018
Building clawed 0.9 percent higher in July, but still underwhelmed year-over-year, according to the Commerce Department. Combined, housing starts totaled 1.17 million, with 303,000 multifamily (five units or more) starts and 862,000 single-family starts. On an annual basis, starts tumbled...

Housing Starts: Ground-Breaking in June Plummets

July 18th, 2018
Home-building in June sharply slid, with overall starts toppling 12.3 percent, and single-family starts tumbling 9.1 percent, according to the Commerce Department. Housing starts totaled 1.17 million, with 304,000 multifamily (five or units or more) starts and 858,000 single-family starts....
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