Tag: housing starts

Housing Starts Increase in June but Supply-Side Issues Linger

Filed in Economics, Trends by on July 20, 2021 5 Comments
Housing Starts Increase in June but Supply-Side Issues Linger

Overall housing starts increased 6.3% in June to a seasonally adjusted annual rate of 1.64 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Despite the increase in housing production, there is concern over weakening permit numbers for both the single-family and multifamily markets.

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Single-Family Starts Steady in May

Filed in Economics by on June 16, 2021 2 Comments
Single-Family Starts Steady in May

Overall housing starts increased 3.6% in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading, 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 Cools as Costs Climb

Filed in Economics, Material Costs by on May 18, 2021 7 Comments
Construction Cools as Costs Climb

Housing production fell in April due to the increased costs of building materials that have priced out potential home buyers. Overall housing starts decreased 9.5% to a seasonally adjusted annual rate of 1.57 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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Housing Starts Spring Forward in March

Filed in Economics by on April 16, 2021 12 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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