Residential construction rebounded by more than expected in February, but the boom may not last. Housing starts were up 11.2% from January to 1.5 million annual pace, much higher than analysts predicted, according to new data from the U.S. Census Bureau. Meanwhile, new construction of single-family homes jumped 11.4% to a 1.11 million rate, the fastest in…
New construction indicators floundered in January as tariff anxiety and unsold inventory put homebuilders on edge. Overall starts slipped 9.8% last month to a seasonally adjusted annual rate of 1.37 million, according to new data from the U.S. Census Bureau. They declined 0.7% from January 2024. Economists surveyed by Bloomberg had expected an annualized 1.39…
Housing starts slipped again last month but new construction may soon swell. Overall starts slipped 1.8% last month to a seasonally adjusted annual rate of 1.29 million, according to new data from the U.S. Census Bureau. They declined 14.6% from November 2023. Single-family construction particularly saw a bump, however, rising 6.4% above October’s estimates. But…
Housing starts and permits changed in every category last month, driven by extreme weather and rising rates. Overall starts slipped 3.1% last month to their slowest pace in three months, according to new data from the U.S. Census Bureau. Year-over-year, they declined 4%. Single-family construction fell by 6.9%, overriding a small September increase, while multi-family…
Housing starts and permits were down last month, but completed units are up year-over-year. In a turnaround from August, which saw homebuilding indicators increase unexpectedly, housing starts were down 0.5% to a rate of 1.35 million, according to new data from the U.S. Census Bureau. Year-over-year, they declined 0.7%. This is in line with predictions…
Residential construction rebounded in August after a disappointing July, reaching a four-month high driven by single-family building. This is a turnaround from July’s data, which saw homebuilding indicators decline. Single-family housing starts were up 9.6% from July’s revised estimate to a rate of 1.36 million, the fastest pace since April, according to new data from…
Residential construction plummeted in July, with total housing starts falling 6.8% to an annual rate of 1.24 million. This is a turnaround from June’s data, which saw homebuilding indicators improve. Single-family housing starts were down 14.1% from June to a rate of 851,000, according to new data from the U.S. Census Bureau. This is the…
Residential construction slumped by more than expected in May, reaching its lowest level in four years. Housing starts were down 5.5% from April to 1.28 million annual pace, well below analyst expectations of 1.38 million and down from April’s revised 1.35 million, according to new data from the U.S. Census Bureau. These are the worst…
Residential construction saw mixed results in April as builders approach the high-rate environment with caution. Housing starts were up by 5.7% to a 1.36 million annualized rate last month but down 0.6% YOY, according to data from the U.S. Census Bureau. Analysts expected construction to rise, which it did– but by far less than the…
Residential construction reversed gains in March, clocking its biggest dip since August 2023 as builders watch rising rates. Starts and permits both slipped in March, according to data from the U.S. Census Bureau. Starts tumbled by a stunning 14.7% month-over-month to a seasonally adjusted annual rate of 1,321,000. This is below all estimates in a…
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