Tag: 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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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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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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