Multifamily construction delivers boost to housing starts in February

Apartment building construction soared 24 percent in February, lifting new housing starts overall despite a weak month for single-family builds, according to data released Thursday by the U.S. Census Bureau. Continue reading

New-home transactions roar to life with strongest sales pace in a year

A dip in mortgage rates and a backlog of empty homes helped power sales of newly constructed houses for the second-straight month in January, according to data released Friday by the U.S. Census Bureau. Continue reading

Single-family housing starts leap 11% as permits and completions fall

Overall housing starts clocked in at a seasonally adjusted annual rate of 1,382,000, 1.4 percent below levels recorded in November, according to new data released Thursday by the U.S. Census Bureau. Continue reading

New-home sales continue modest rise — but market ‘lull’ lies ahead

New-home sales rose 5.8 percent to a seasonally adjusted rate of 640,000, according to data released Friday by the U.S. Census Bureau and Department of Housing and Urban Development. Continue reading

US housing starts and permits fall in November. But completions surge

Housing starts fell 0.5 percent below October levels, inching to a seasonally adjusted rate of 1.43 million, while completions rose 10.8 percent month over month, according to U.S. Census Bureau data issued Tuesday. Continue reading

Spending on construction dipped in July amid market slowdown

Spending on construction in the U.S. has been growing for years, but amid rising rates and a stalling market that trend appears to be coming to an end. Continue reading

New home sales plummet 29.6% as homebuyers pull back with force

Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6 percent below the levels seen in July 2021, according to data released Tuesday by the U.S. Census Bureau. Continue reading