Tag: housing starts

Housing Starts Spring Forward in March

Filed in Economics by on April 16, 2021 6 Comments
Housing Starts Spring Forward in March

Housing production rebounded in March as buyer demand remains solid due to low mortgage interest rates. Overall housing starts increased 19.4% to a seasonally adjusted annual rate of 1.74 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This was the fastest pace for combined single-family and multifamily construction since June 2006.

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Housing Production Weakens in February

Filed in Economics by on March 17, 2021 16 Comments
Housing Production Weakens in February

Housing production weakened in February as higher material costs and interest rates continue to affect the housing industry. Overall housing starts decreased 10.3% to a seasonally adjusted annual rate of 1.42 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Construction Headwinds Pick Up in January

Filed in Economics by on February 18, 2021 3 Comments
Construction Headwinds Pick Up in January

Housing production softened in January as rising lumber prices continue to affect the housing industry. Overall housing starts decreased 6.0% to a seasonally adjusted annual rate of 1.58 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

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Single-Family Starts Leveling Off at Strong Pace in November

Filed in Economics by on December 17, 2020 3 Comments
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.

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Single-Family Starts at Highest Pace Since Spring of 2007

Filed in Economics by on November 18, 2020 3 Comments
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.

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Home Building a Leading Sector in the Q3 Rebound

Filed in Economics by on November 16, 2020 0 Comments
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.

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Housing Shines Amid Economic Rebound

Filed in Economics by on October 2, 2020 2 Comments
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.

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Single-Family Housing Continues Growth in August

Filed in Economics, Multifamily by on September 17, 2020 273 Comments
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.

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Strong July for Housing Starts

Filed in Economics by on August 18, 2020 3 Comments
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.

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Single-Family Starts and Permits Post Double-Digit Gains in June

Filed in Economics, Multifamily by on July 17, 2020 1 Comment
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.

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