Tag Archives: housing starts

Single-family housing starts take unexpected hit in July

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Despite a decline in starts, which reflected curbed confidence in June amid mellowing lumber prices, experts said gains made in permit applications were a positive sign. Continue reading →

Pending home sales fall further than expected in June

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Pending home sales dropped 1.9% in June, and 1.9% year over year to an index of 112.8, according to the National Association of Realtors’ Pending Home Sales Index, released Thursday. Continue reading →

New single-family housing starts ramp up 6% in June: Census Bureau

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The increase in housing starts is a welcome gift, but experts say builders aren’t yet betting recent improvements in materials costs are here to stay for the long term. Continue reading →

Residential construction rose in May, despite material challenges

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Single-family housing starts rose modestly, but housing completions and building permits dropped from the previous month, according to the U.S. Census Bureau. Continue reading →

Fannie Mae has ‘meaningfully downgraded’ its forecast for 2021 home sales

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As listing shortages and supply constraints on homebuilders drive up prices, risk of inflation grows, economists with Fannie Mae said. Continue reading →

A national home value downturn isn’t in our future. Here’s why

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Windermere Chief Economist Matthew Gardner dives deeper into the timeline of events that led to the 2007 crash, comparing then and now. Here’s why he speculates there’s no real reason to expect a widespread, systematic decline in home prices in the for… Continue reading →

Dozens of economists don’t see any bursting bubbles on the horizon

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A new survey of 42 economists showed that home prices, housing starts, apartment vacancies and other factors should remain healthy for the next several years. Continue reading →

NAR: Housing market is ‘topping out’ due to inventory shortage

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Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading →

How long will the housing shortage last? Years — here’s why

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Thinking optimistically and knowing a little about U.S. homebuilders and American ingenuity, builders might create an average of 2 million homes annually and achieve a supply-demand balance in about six years. Continue reading →

Pending-home sales increase following 2 months of declines: NAR

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The pending home sales index rose from the previous month in every U.S. region but the Midwest, while all regions saw gains year over year. Continue reading →