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…
Residential starts made a comeback last month after severe winter weather slowed builders down. Residential home construction increased by 10.7% in February to a 1.52 million annualized rate, according to data from the U.S. Census Bureau. This is the largest increase since May, and well above Bloomberg estimates of a 1.44 million pace. Both single-family…
Home construction lost ground in January, collapsing to the slowest pace in five months. Residential home construction fell to a 1.33 million annual pace, down from a revised 1.56 million in December, according to data from the U.S. Census Bureau. This is the biggest drop since April 2020, and a far cry from Wall Street…
Home construction slipped for the first time in four months in December, with single-family starts taking a hit. Residential home construction fell 4.3% last month to a 1.46 million annualized rate, according to data from the U.S. Census Bureau. They were up 7.6% from December 2022’s rate of 1.36 million, however. The dip comes on…
Housing starts surged unexpectedly in November, rising to a 6-month high. New home construction increased by 14.8% last month to an annualized rate of 1.56 million, according to data from the U.S. Census Bureau. All regions saw increases, with the South experiencing a 16.3% boost while new construction doubled in the Northeast. Single-family starts soared…
Housing starts surged unexpectedly in October, suggesting some relief for homebuyers grappling with tight inventory. Housing starts were up 1.9% last month to a 1.37 million annualized rate, their highest point in three months, according to data from the U.S. Census Bureau. Single-family starts rose a modest 0.2%, adding to a 3.2% month-over-month increase in…
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