Housing starts plunge 19% in May as homebuilders act with caution
Construction starts on new housing units dropped 5.5% to a seasonally adjusted annual rate of 1,277,000 —  19.3% lower than levels in May 2023, according to US Census data released Thursday
by Ben Verde Jun 20
Pending home sales tally modest uptick amid rise in jobs, inventory
Fueled by positive job growth and an increase in available housing, the National Association of Realtors' Pending Home Sales Index rose 1.6% in February, according to data released Thursday
by Lillian Dickerson Mar 28
Housing starts leap in February as homebuilders become optimistic
Housing starts rose to a seasonally adjusted annual rate of 1.52M in February — 10.7% higher than in January, according to data released Tuesday by the US Census Bureau
by Ben Verde Mar 19
Warren Buffett: 'You want a bad number' to get good market news
The Berkshire Hathaway CEO said fewer housing starts can lay the foundation for a more balanced market. His company's recent investments in homebuilders show commitment to that principle
by Lillian Dickerson Feb 29
US housing market is short 7.2M single-family homes: Realtor.com
Over the past decade, Americans have formed 17.2M new households, while builders have added 10M new single-family homes. It could take years for builders to close the gap
by Marian McPherson Feb 28
Housing starts defy expectations, surge to highest point since May
Housing starts jumped 14.8% between October and November to a seasonally adjusted annual rate of 1.56M. That's 9.3% higher than they were in December 2022
by Ben Verde Dec 19
Housing starts increased in October as builder sentiment fell
Housing starts rose 1.9% from September to reach a seasonally adjusted annual rate of 1.372M
by Ben Verde Nov 17
Builder sentiment falls again, but lower inflation a cause for optimism
October saw builder confidence in the market for newly built single family homes fall 6 points to a measure of 34, the lowest level since December 2022
by Ben Verde Nov 16
New-home sales soar in September — but analysts see sales slowdown
New-home sales skyrocketed in September, soaring to a 20-month high, according to data issued Wednesday by the US Census Bureau and the Department of Housing and Urban Development
by Ben Verde Oct 25
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
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
Housing starts inch up in July as builders scramble to meet demand
Housing starts increased 3.9% between June and July to a seasonally adjusted annual rate of 1.45M units, according to data released Tuesday by the US Census Bureau
by Ben Verde Aug 16
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
Housing starts post rebound in April but inventory remains tight
Housing starts rose 2.2% month over month in April, as homebuyers increasingly turn to new construction to combat low inventory in the resale market, the US Census Bureau reported
by Lillian Dickerson May 17
New-home construction creeps upward from lower perch in March
Builders pushed forward with more single-family projects for the second month in a row, but remained far less active than in 2022, according to data issued Tuesday by the US Census Bureau
by Daniel Houston Apr 18