Housing starts tally 'unexpected' uptick amid rising mortgage rates
New housing starts increased 7% in September to a seasonally adjusted rate of 1.36M, or 7.2% below the levels seen in September 2022, according to Census Bureau data released Wednesday
by Ben Verde Oct 18
August new-home sales plummet amid interest, affordability woes
Sales of newly built homes dropped 8.7% in August to a seasonally adjusted annual rate of 675,000
by Ben Verde Sep 26
Housing starts plunge to 3-year low
In August, housing starts hit their lowest level since June 2020, when builders were struggling with COVID-fueled 'shutdowns, labor shortages and supply chain issues,' according to US Census data
by Ben Verde Sep 19
Fueled by deals, new-home sales soar to highest level in 17 months
New-home sales rose 4.4% in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the US Census Bureau
by Ben Verde Aug 23
New-home sales wilt in June but remain elevated amid low inventory
New-home sales drooped 2.5% from May to a seasonally adjusted rate of 697,000 — 23.8% higher than June 2022, according to data released Wednesday by the US Census Bureau
by Ben Verde Jul 26
New home sales jumped 20% in May, a 12.2% jump from April
Sales of newly built single-family homes were at a seasonally adjusted rate of 763,000 during May 2023 — 20% higher than the levels seen in May 2022, according to data from the US Census Bureau
by Ben Verde Jun 27
Housing starts see biggest increase since 2016, data shows
Housing starts were at a seasonally adjusted rate of 1,631,000 for May — a 21.7% jump from April and 5.7% higher than the levels recorded in May 2022, according to Census Bureau data
by Ben Verde Jun 20
New-home sales soar to 1-year high in March as purchases leap 9.6%
The strong monthly uptick in sales marked the fourth-straight month of increases as homebuyers eased back into the market and adjust to higher mortgage rates, according to new Census data
by Lillian Dickerson Apr 25
Multifamily construction delivers boost to housing starts in February
Apartment building construction soared 24% in February, lifting new housing starts overall despite a weak month for single-family builds, according to data from the US Census Bureau
by Ben Verde Mar 16
New-home transactions roar to life with strongest sales pace in a year
A dip in mortgage rates and a backlog of empty homes helped power sales of newly constructed houses for the second-straight month in January, according to data from the US Census Bureau
by Ben Verde Feb 24
Single-family housing starts leap 11% as permits and completions fall
Overall housing starts clocked in at a seasonally adjusted annual rate of 1,382,000, 1.4% below levels recorded in November, according to new data released Thursday by the US Census Bureau
by Ben Verde Jan 19
New-home sales continue modest rise — but market 'lull' lies ahead
New-home sales rose 5.8% to a seasonally adjusted rate of 640,000, according to data released Friday by the US Census Bureau and Department of Housing and Urban Development
by Ben Verde Dec 23
Home under construction
Housing starts fell 0.5% below October levels, to a seasonally adjusted rate of 1.43M, while completions rose 10.8% month over month, according to US Census Bureau data issued Tuesday
by Ben Verde Dec 20
New-home sales soar 28.8%
Sales of new single family homes clocked in at a seasonally adjusted annual rate of 685,000 in August, up from 532,000 in July, according to new US Census data released Tuesday
by Ben Verde Sep 27
Spending on construction dipped in July amid market slowdown
Spending on construction in the US has been growing for years, but amid rising rates and a stalling market that trend appears to be coming to an end
by Jim Dalrymple II Sep 1