New residential construction made progress in completions but largely fell short on starts and permits, according to new data released Wednesday by the US Census Bureau and HUD. Continue reading
April’s housing data underscores a challenging landscape for new construction, particularly in the single-family segment, and the privately-owned segment isn’t far behind. Continue reading
Multifamily housing starts fell 9.8 percent, reaching a seasonally adjusted rate of 1,366,000, while single-family housing starts fell 8.4 percent month over month, according to data released Wednesday. Continue reading
High mortgage rates, slowing homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains. Continue reading
Privately owned housing starts beat expectations in August while single-family starts declined by nearly 3 percent, according to data issued Tuesday by the US Census Bureau. Continue reading
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