Housing starts beat expectations in February but headwinds loom

Privately owned housing starts rose 11.2 percent but still fell behind February 2024 activity, according to data released Tuesday by the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading

Housing starts plunge 5.5% in May as homebuilders act with caution

Construction starts on new housing units dropped 5.5 percent to a seasonally adjusted annual rate of 1,277,000 —  19.3 percent lower than levels in May 2023, according to U.S. Census data released Thursday. Continue reading

US inventory rises to highest level since 2022 as new-home sales fall

Newly built homes available on the market rose to 480,000, representing a supply of 9.1 months at the current sales rate, up from an 8.5 month supply in March, according to U.S. Census Bureau data. Continue reading

New-home sales fall abruptly in February for first time in 3 months

Sales of newly built homes slipped a modest 0.3 percent between January and February to a seasonally adjusted annual rate of 662,000, according to data released Monday by the U.S. Census Bureau. Continue reading

New-home sales show promise with 1.8% annual growth

New-home sales improved across the board in January, according to the U.S. Census Bureau and the Department of Housing and Urban Development on Monday. New-home sales, which include when a homebuyer makes a deposit or signs a sales agreement, increased… Continue reading

Housing starts defy expectations, surge to highest point since May

Housing starts jumped 14.8 percent between October and November to a seasonally adjusted annual rate of 1.56 million. That’s 9.3 percent higher than they were in December 2022. Continue reading

High-income renters are top prize as ownership hurdles pile up: Poll

Luring high-income renters into homeownership will only become more challenging as costs stay high, according to experts and a survey of US consumers conducted by Dig Insights and Inman. Continue reading

Housing starts tally ‘unexpected’ uptick amid rising mortgage rates

New housing starts increased 7 percent in September to a seasonally adjusted rate of 1.36 million, or 7.2 percent below the levels seen in September 2022, according to Census data released Wednesday. Continue reading