Tag: housing starts
Single-Family Starts Leveling Off at Strong Pace in November
Single-family starts flattened in November as builders struggled to meet demand, while overall housing starts increased 1.2% to a seasonally adjusted annual rate of 1.55 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Single-Family Starts at Highest Pace Since Spring of 2007
Led by solid gains in single-family production, overall housing starts increased 4.9% in October to a seasonally adjusted annual rate of 1.53 million units, according to a report from according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Home Building a Leading Sector in the Q3 Rebound
The housing industry has undoubtedly been a bright spot for the economy during this period of economic distress. Demand for homes has increased on historically low interest rates, a need for more residential space, favorable demographics for home buying, and an evolving geography of housing demand that favors low density, more affordable markets.
Housing Shines Amid Economic Rebound
NAHB’s chief economist lists further evidence of why housing was a bright spot for the economy, most notably as single-family new home sales climbed 4.8% to a 1.01 million seasonally adjusted annual rate — the highest pace since 2006.
Single-Family Housing Continues Growth in August
Single-family starts showed continued growth in August but overall housing production fell 5.1% to a seasonally adjusted annual rate of 1.42 million units due to a double-digit percentage decline in multifamily production, according to a report from the U.S. Housing and Urban Development and Commerce Department. The pace of single-family starts in August was the highest production rate since February.
Strong July for Housing Starts
In a further sign that housing continues to boost the economy, single-family and multifamily starts each posted solid gains in July, with total housing production up 22.6% to a seasonally adjusted annual rate of 1.50 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest production rate since February.
Single-Family Starts and Permits Post Double-Digit Gains in June
Led by solid single-family production, total housing starts increased 17.3% in June to a seasonally adjusted annual rate of 1.19 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.
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.
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.
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.
