Tag: starts

Broad Declines for Home Construction in April

Filed in Economics by on May 19, 2020 4 Comments
Broad Declines for Home Construction in April

Reflecting the continued impact of the COVID-19 pandemic, total housing starts decreased 30.2% in April to a seasonally adjusted annual rate of 891,000 units, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the lowest starts rate since the first quarter of 2015. Meanwhile, the pace of total permits declined 20.8% to 1.07 million on an annualized basis.

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Economic Outlook: Job Losses Continue, Builder Confidence Posts Historic Drop

Filed in Economics by on April 17, 2020 4 Comments
Economic Outlook: Job Losses Continue, Builder Confidence Posts Historic Drop

NAHB Chief Economist Robert Dietz provides the latest analysis on how the COVID-19 pandemic is affecting the housing sector and overall economy. The next two months of economic data will show signs of a significant economic decline. For that reason, markets and businesses need to adopt a two-quarter perspective with respect to an expected start of a rebound.

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Housing Starts Down in March on Coronavirus Effects

Filed in Economics, Home Building by on April 16, 2020 6 Comments
Housing Starts Down in March on Coronavirus Effects

Reflecting the growing impact of the COVID-19 pandemic, total housing starts decreased 22.3% in March from a downwardly revised February reading to a seasonally adjusted annual rate of 1.22 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. Meanwhile, overall permits declined 6.8% to 1.35 million.

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Single-Family Housing Starts Up in February, but Challenges Lie Ahead Due to Coronavirus

Filed in Disaster Response, Economics by on March 18, 2020 4 Comments
Single-Family Housing Starts Up in February, but Challenges Lie Ahead Due to Coronavirus

Housing starts were strong at the outset of 2020, as builders started production of homes to meet consumer demand at the beginning of the year. However, challenges lie ahead due to broad economic weakening stemming from the coronavirus crisis.

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Housing Production Shows Solid Start to 2020

Filed in Economics by on February 19, 2020 2 Comments
Housing Production Shows Solid Start to 2020

Total housing starts decreased 3.6% in January from an upwardly revised December reading to a seasonally adjusted annual rate of 1.57 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. Meanwhile, overall permits surged to a 13-year high.

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Housing Starts Finish 2019 Strong

Filed in Economics by on January 17, 2020 2 Comments
Housing Starts Finish 2019 Strong

Total housing starts increased 16.9% in December to a seasonally adjusted annual rate of 1.61 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is a 13-year high for housing starts.

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A Decade of Home Building: The Long Recovery of the 2010s

Filed in Affordability, Economics, Housing Trends by on January 6, 2020 8 Comments
A Decade of Home Building: The Long Recovery of the 2010s

The 2010s was by far the lowest decade of single-family production in the last 60 years. During this 10-year period, single-family home construction totaled just 6.8 million units. By comparison, single-family starts ranged from 9.3 million units in the 1960s to 12.3 million in the 2000s.

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Single-Family Construction Continues to Make Steady Gains in October

Filed in Economics by on November 19, 2019 0 Comments
Single-Family Construction Continues to Make Steady Gains in October

Total housing starts increased 3.8 percent in October to a seasonally adjusted annual rate of 1.31 units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

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Single-Family Housing Starts Hold Firm in September

Filed in Economics by on October 17, 2019 0 Comments
Single-Family Housing Starts Hold Firm in September

Due a decline in multifamily housing starts, total housing starts fell 9.4% in September to a seasonally adjusted annual rate of 1.26 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.

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Single-Family Starts Increase in June 

Filed in Economics by on July 17, 2019 0 Comments
Single-Family Starts Increase in June 

Single-family gains helped offset a drop in multifamily production as total housing starts edged 0.9% lower in June to a seasonally adjusted annual rate of 1.25 million units.

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