new residential construction
New-home starts took a hit in January but remain higher than they were in November. And builders see a path forward to stronger sales, according to a report from the US Census Bureau
As homebuyers falter under the weight of scant inventory and booming home prices, everyone is counting on homebuilders to tip the scales by increasing supply. However, the specter of The Great Recession and coronavirus-induced supply chain issues means help — for builders and buyers — is far away
Privately owned housing starts dipped 0.7% in October while single-family housing starts dropped 3.9%, according to US Census Bureau residential construction data
Despite a decline in starts, which reflected curbed confidence in June amid mellowing lumber prices, experts said gains made in permit applications were a positive sign
Single-family housing starts rose modestly, but housing completions and building permits dropped from the previous month, according to the US Census Bureau
New residential construction increased 14.2% year over year in October, marking 6 consecutive months of annual gains, according to the US Census Bureau's latest report
Canadian tariffs have made it harder for builders to access affordable lumber, leading to higher prices for homebuyers
Here's a recap from the National Association of Realtors' new Housing Minute monthly video series
Although overall starts took a big (surprising) hit over January's strong growth, jump in single-family construction signals relief for buyers
San Francisco topped the list by approving 94.6 percent more homes than its historical average
Lennar will benefit from $250M in annual savings due to lower overhead, increased efficiencies
Single-family housing completions fell 13.3 percent
Last month's HUD new construction metrics were way up -- that's not the case this month
Our daily summary of market news, updated regularly with new tidbits
Our daily summary of market news, updated regularly with new tidbits
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