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The official news blog of NAHB and your one-stop source for home building industry news, product information, and educational resources.
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Apr 16, 2024
Housing Starts Fall on Interest Rate, Financing ConcernsOverall housing starts decreased 14.7% in March to a seasonally adjusted annual rate of 1.32 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Within this overall number, single-family starts decreased 12.4% to a 1.02 million seasonally adjusted annual rate. The multifamily sector decreased 21.7% to an annualized 299,000 pace.
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Data at a Glance
Framing Lumber Prices
Fluctuations in the costs of building materials, particularly those of framing lumber, contribute significantly to home prices and housing affordability levels.
Learn moreNAHB/Wells Fargo Housing Market Index (HMI)
The HMI offers an insider’s perspective on the current state of housing. Each month, builder sentiment about the present and near-term housing market is depicted on a scale of 0 to 100, indicating the portion of builders experiencing positive market conditions.
Learn moreHousing Starts
Housing starts data are key economic indicators that track the pace of residential construction. These monthly Census Bureau statistics typically reflect broader trends within the overall economy such as interest rates and job growth.
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Get the latest updates about the industry’s premier event, the NAHB International Builders’ Show.®
