Housing Starts Struggle to Regain Their Footing in May

Last month, Strata-gee reported on a shocking 30+% drop in residential housing construction, with starts dropping an eye-popping 30.2% in April. That was ultimately revised to a decline of “only” 26.4%…still a massive one month decline. Now in May, we … Continue reading

Shocking 30+% Drop in Housing Construction Starts; But a Turnaround May Be Lurking

Existing Home Sales Decline as Well I’ve been saying for a while now that really, really tough economic data was coming. Even though it was obvious to many of us that the economy was crashing – thanks to COVID-19 – … Continue reading

Tighten Your Harness, The Rocket Ship U.S. Economy is Coming Down Hard

You knew it was coming, but we just couldn’t see it until statistical data caught up with the rapidly changing U.S. economy. But now, we are getting a snapshot of these changes and they are breathtaking…and a little scary. Hold … Continue reading

New Home Sales & Housing Starts Decline in February, A Hint of Things to Come

The U.S. Census Bureau and the U.S. Department Housing and Urban Development announced this week that sales of newly built residences fell in February 2020. Housing starts also fell in February. This housing market downturn is likely a precursor to … Continue reading

Housing Construction Starts Grow Again in November

The Census Bureau, in cooperation with the U.S. Department of Housing and Urban Development, released new home construction data for November, offering details on what is generally known as housing starts. The overall construction starts – which includes both single-family … Continue reading

Oct. Housing Data is Split: Home Construction UP, Home Sales DOWN

In new data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the readings appear split with housing starts showing increases while new home sales declined. Housing, a prime component of the overall U.S. GDP … Continue reading

Housing Starts in Sharp Slide in September

As the economy continues to show more signs of a slowdown, we can’t help but notice increasing volatility in the month-to-month readings of various statistics. The latest government data on housing construction starts is a great example of this. After … Continue reading

More Mixed Signals from Housing – Starts Down, Sales Up

In the choppy waters of today’s current economy, we continue to get mixed signals – this time from the housing market. Last week, we learned that residential construction starts declined in June by 0.9% below the rate in May. This … Continue reading