residential construction

Residential Construction Jumps in August as Mortgage Rate Drops Promise a Lift in Sales

September 25, 2024 by Ted Leave a Comment

A prime example of residential construction - a home being built

The latest data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development showed that residential construction (housing starts) took off in August with high single-digit overall and even double-digit upside gains in the single-family construction segment. Many industry observers attributed the upturn to now more optimistic builders looking to take advantage of improving housing affordability with mortgage rates declining. Many builders believe this will stimulate a big upturn in sales.

See all the latest residential construction data

[Read more…]

After a Hopeful February, March Housing Starts Drop Double-Digit Percentage

April 18, 2024 by Ted Leave a Comment

This is a new home; housing starts declined in March

Residential construction, known as housing starts, dropped in March by a surprising double-digit percentage. Most industry analysts believe that the slowdown is due to stubborn inflation readings motivating the Fed to keep interest rates high which is affecting mortgage rates and home affordability.

After solid gains in February raised hopes in the segment, the March numbers were a chilling splash of reality as home inventory is low and mortgage rates are high.

See more on housing starts in March

[Read more…]

November Housing Starts Leap 15% as Lower Interest Rates Fuel Construction

December 20, 2023 by Ted Leave a Comment

The latest data on residential construction, a government reading known as housing starts, took a surprising jump in November according to the recently released information from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Housing starts jumped an impressive 14.8% in November as compared to the revised October reading – a huge statistical leap.

See more on the jump in November housing starts

[Read more…]

October Housing Starts Show a Surprise Upturn in Construction; But Builder Confidence Declines

November 21, 2023 by Ted 1 Comment

This completed home was once a housing start

Is this the beginning of a new trend? After a notable jump in September, which some suggested may have been a bit of a fluke, residential construction – known as housing starts – actually surprised some industry analysts by jumping again in October. And while the amount of increase was more modest, that there was another month of increase may indicate the beginning of a new trend. Yet other data calls into question just where residential construction is heading. Read on to see that data…

See more on housing starts in October & declining homebuilder confidence

[Read more…]

After Sliding in August, Residential Construction Recovers with Housing Starts Up in September

October 18, 2023 by Ted Leave a Comment

Photo of residential construction shows housing starts in a neighborhood being built — *[Photo: Reuters]*

In new data released Wednesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, residential construction – otherwise known as housing starts – returned to growth again, after registering a concerning double-digit decline in August. However, most analysts believe housing will continue to be challenged by a combination of high prices and high interest rates combining to make housing unaffordable for most buyers.

See more on the latest residential construction or housing starts numbers

[Read more…]

August Housing Starts Hit Lowest Level in Three Years

September 20, 2023 by Ted Leave a Comment

Homebuilder Sentiment Drops for First Time in Seven Months

Yet another sign of the struggling housing industry as climbing mortgage rates and historically high home prices combine to drop new residential construction – known as housing starts – to their lowest level in three years. Both single-family housing starts and overall housing starts, which includes multi-family dwellings, saw significant declines in August.

See the latest data on August housing starts

[Read more…]

June Housing Starts Hit 9-Month Low; Single-Family Starts Lowest in 2 Years

July 19, 2022 by Ted 2 Comments

June housing starts drop again — [PHOTO: REUTERS/Octavio Jones}

After a dramatic double-digit drop in May, June housing starts declined again, with overall starts not only dropping below May’s rate to a nine-month low but also coming in well below the rate in June 2021. Single-family starts in June hit their lowest seasonally adjusted annual rate since July 2020.

Learn all the latest data on June housing starts

[Read more…]

Housing Starts in May Slide -14.4%, Lowest Level of Building in 13-Months

June 20, 2022 by Ted 2 Comments

A new report by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development notes that residential housing construction starts (housing starts) has taken a pretty severe downturn in May with overall starts sliding fully -14.4%. This is yet another indicator of the slowing growth in the housing market, as rising mortgage rates, overall inflation, and high housing prices begin to cool the once red-hot housing market.

See all the details from the latest report on housing starts…

[Read more…]

Sales of Newly Constructed Homes Collapse in April; Odds of Recession Tick Higher

May 24, 2022 by Ted Leave a Comment

Sales of newly constructed homes virtually collapsed in April in a double-digit decline that surprised economists and added to the growing evidence that the housing market is entering a downturn. This downturn in housing adds to growing concerns of a recession, as it comes on the heels of the tech industry decline, and new retailer warnings of slackening demand and supply chain driven cost increases.

See the surprising numbers out of the housing market today

[Read more…]

April Housing Starts Decline Again; Builder Sentiment in Steep Slide in May

May 19, 2022 by Ted Leave a Comment

housing starts off in April; Builder sentiment slides — [PHOTO: REUTERS/Mike Blake]

In yet another sign of a slowing economy, April residential housing construction starts declined for the second straight month in a row. At the same time, the Housing Market Index, a key gauge of homebuilder confidence, collapsed in May.

See what’s going on in with housing starts & builders

[Read more…]

residential construction