The number of housing starts tumbled last month, despite signs that the home sales market is heating up again after falling. Housing starts take into account the change in the number of new residential buildings beginning construction. New single-family home construction fell 8 percent from May to June, according to July 19 report from the U.S. Census…
Housing Starts Tumble Despite Signs of an Improving Home Sales Market
July 20, 2023
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Business & Marketsconstructioneconomic policieseconomyHome saleshousing startsinflationInvestmentMarketsmortgage ratesreal estateUSUS NewsUS Real Estate
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Housing Starts See Biggest Monthly Gain Since 1990, but Trend Unsustainable
June 21, 2023
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Business & Marketseconomic policieseconomyhousing startsMarketsreal estateU.S. housing marketUSUS NewsUS Real Estate
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New U.S. housing starts registered the biggest monthly increase in more than 30 years in May, but some experts raised doubts about whether the trend is sustainable. “Privately owned housing starts in May were at a seasonally adjusted annual rate of 1,631,000. This is 21.7 percent above the revised April estimate of 1,340,000,” according to…
Increase in Newcomers to Canada Will Push Home Prices Higher and Erode Affordability: Report
February 19, 2023
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Canadafederal immigration targetshousinghousing shortagehousing startsimmigrationimmigration planWorld
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Canada will need an estimated 100,000 more houses constructed per year to accommodate the federal government’s most recent immigration targets, according to a new report analyzing the impact of increased immigration on provincial housing markets. Housing starts would have to increase immediately by almost 50 percent and remain at that level through 2024 to offset…
Housing Starts Fall to Lowest Level in 13 Months, 7 Percent Monthly Fall in Building Permits
June 17, 2022
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Business & Marketseconomyhomebuildinghousing startsinflationmortgage interest ratesnew building permitsnew constructionThe Department of Housing and Urban DevelopmentUS
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U.S. homebuilding fell to its lowest level in 13 months in May, according to the latest monthly new residential construction data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. “Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000,” a June 16 press release…
US Home Construction, Building Permits Stall As Mortgage Rates Rise
Home construction in the United States fell in April to a five-month low, due to the highest mortgage rates in decades and an ongoing supply crisis that has snarled supply chains, according to a Commerce Department’s Census Bureau report on May 18. Rising mortgage rates caused by interest hikes by the Fed have contributed to…
Housing Starts Climb in February
Construction of new houses increased by 6.8 percent in February in the United States, reversing a decline from the previous month and bringing the seasonally-adjusted annual rate of housing starts to 1.769 million. This rebound in housing starts is the most drastic since 2006, and the magnitude of growth surpassed the monthly predictions of most experts…
US Housing Starts Decline in Cold Weather, Supply Chain Continues to Be Problematic
New residential construction projects or privately-owned housing starts, a key indicator of economic strength, declined 4.1 percent in January, as some regions in the country face freezing weather conditions along with continuing supply chain issues. “Privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,638,000. This is 4.1 percent below the…
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