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 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 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…
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…
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