New residential construction data from the Commerce Department released today showed that single-family housing starts dropped in July to 502,000 units or 6.5% below June’s revised rate of 537,000 units. And while this figure is still a solid 17% over July 2011’s rate of 429,000 units – it was a bit of a disappointment as single-family starts have increased for the last four months in a row, leading some to conclude that the housing market was on a rebound.
housing starts
June Housing Starts are Up Again, Is it Time for the ‘R’ Word Yet?
The Commerce Department released today new housing starts data for the month of June, and we may be close to using that long sought after “R” word – Recovery. Largely positive – housing starts overall for June reached a seasonally adjusted annual rate of 760,000 units or 6.9% over May’s revised rate of 711,000 units. Still, the picture for single-family starts – an economic driver for our industry – while still positive, is a little more moderate.
Can housing now be a bright spot in an otherwise cooling economy? [Read more…] about June Housing Starts are Up Again, Is it Time for the ‘R’ Word Yet?
Builders’ Construction Forecast Event for Media Has Powerful Data & Surprises
On Tuesday, the Associated Builders and Contractors (ABC) held a webinar for the media called the 2012 Mid-Year Construction Forecast with presentations from some of the most powerful industry-related economists with fresh data and forecasts…and some surprises.
See new construction data and the latest trends it suggests will occur… [Read more…] about Builders’ Construction Forecast Event for Media Has Powerful Data & Surprises
Housing Starts – Start of a New Trend?
The Commerce Department on Tuesday released the latest report on the residential construction market – a key economic indicator for the custom integration market – and…as you might suspect with this uneven recovery we are in…the data showed yet another zag after last month’s zig. Total residential housing construction starts for the month of May were 708,000, down 4.8% from the revised April level of 723,000 units.
