Residential construction dipped in March as homebuilders digested the immediate impacts of new tariffs. Housing starts slipped 11.4% from February to a 1.49 million annual pace, though they were up 1.9% YOY, according to new data from the U.S. Census Bureau. The monthly drop was larger than expected by economists surveyed by Bloomberg. Starts represent…
Builders report that election worries have subsided and buyers re-entered the market once the winner was clear. That’s according to Zonda’s New Home Market Update, which found 10% of builders felt the election had an impact on sales. Zonda says this is unusual: “Presidential elections historically don’t have a dramatic or long-lasting impact on 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 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…
New home purchase applications fell 12% YOY in June, and were down 10% from May, according to the Mortgage Bankers Association’s (MBA) Builder Application Survey. New single-family home sales ran at a seasonally-adjusted annual rate of 620,000 units in June, down 14.7% from May’s pace of 727,000 units. The unadjusted rate was estimated to be…
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