A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau states that overall housing starts increased 1.6% in April to a seasonally adjusted annual rate of 1.36 million units. The April reading of 1.36 million starts is the number of housing units builders would begin if development kept this […]
According to the latest data, constrained housing affordability conditions due to elevated interest rates, rising construction costs, and labor shortages led to a reduction in housing production in March. Overall housing starts decreased 11.4% in March to a seasonally adjusted annual rate of 1.32 million units, according to a report from the U.S. Department of […]
According to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder sentiment fell sharply in February over concerns on tariffs, elevated mortgage rates, and high housing costs. Builder confidence in the market for newly built single-family homes was 42 in February, down five points from January and the lowest level […]
According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts decreased 1.8% in November to a seasonally adjusted annual rate of 1.29 million units. Ongoing lean levels of single-family existing home inventory helped to boost single-family production last month, while the drop in overall […]
According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts decreased 3.1% in October to a seasonally adjusted annual rate of 1.31 million units. And in related news, average monthly mortgage rates increased a quarter-point from 6.18% to 6.43% between September and October, according […]
With the Federal Reserve beginning an easing of monetary policy and builder sentiment improving, single-family starts posted a modest gain in September. Multifamily construction continued to weaken due to tight financing and an ongoing rise in completed apartments, according to the National Association of Home Builders (NAHB). Overall housing starts decreased 0.5% in September to […]
According to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, overall housing starts increased 3.0% in June to a seasonally adjusted annual rate of 1.35 million units. The June reading of 1.35 million starts is the number of housing units builders would begin if development kept this […]
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