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.
housing starts
October Housing Starts Show a Surprise Upturn in Construction; But Builder Confidence Declines
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…] about October Housing Starts Show a Surprise Upturn in Construction; But Builder Confidence DeclinesAfter Sliding in August, Residential Construction Recovers with Housing Starts Up in September
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…] about After Sliding in August, Residential Construction Recovers with Housing Starts Up in SeptemberAugust Housing Starts Hit Lowest Level in Three Years
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…] about August Housing Starts Hit Lowest Level in Three YearsSingle-Family Starts in Nov Hit 2-1/2 Year Low
Residential construction of new homes – known as housing starts – continues to register monthly declines as a combination of still-high home prices along with rapidly rising mortgage rates results in collapsing home affordability. While economists continue to debate if and when the U.S. economy enters a recession – it’s clear that housing overall, and the home building segment specifically – is already there.
See the latest data on single-family starts…
[Read more…] about Single-Family Starts in Nov Hit 2-1/2 Year LowSeptember Housing Starts Continue to Drop
The latest data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly show that housing starts – a measure of residential construction activity – continue its downward spiral, dropping in September to a rate of 1.4 million units, below economists’ forecast. Single-family housing starts hit their lowest level in more than two years as a slowing economy and sky-high mortgage rates depress demand for housing.
See the latest housing market data…
[Read more…] about September Housing Starts Continue to DropJuly Housing Starts Hit Lowest Level Since February 2021
In the latest data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, we learn that overall housing starts have hit their lowest level since February 2021 as climbing mortgage rates combined with still-high housing prices have made homes unaffordable for many Americans. The same report also notes that building permits have declined as well, suggesting housing will remain in decline for some time to come.
Learn more about housing starts during July
[Read more…] about July Housing Starts Hit Lowest Level Since February 2021June Housing Starts Hit 9-Month Low; Single-Family Starts Lowest in 2 Years
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…] about June Housing Starts Hit 9-Month Low; Single-Family Starts Lowest in 2 YearsHousing Starts in May Slide -14.4%, Lowest Level of Building in 13-Months
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…] about Housing Starts in May Slide -14.4%, Lowest Level of Building in 13-MonthsSales of Newly Constructed Homes Collapse in April; Odds of Recession Tick Higher
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.