Tag: starts
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.
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.
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.
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.
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.
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.
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.
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.
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.
