Items Tagged with 'Housing starts'

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  • Housing starts fall to slowest pace since 2017 led by flood-ravaged Midwest

    Single-family starts decline while multifamily unchanged
    Housing starts in March fell to the slowest pace in almost two years, according to a report from the Department of Housing and Urban Development and the Department of Commerce. The decline was led by single-family starts while multifamily starts, a category including condominiums and apartments that tends to be more volatile, remained unchanged from the prior month.
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  • Housing market cools down as home building takes a dive

    Single-family construction down 17% from previous month
    Housing starts fell 8.7% in the month of February, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. The one bright spot seems to be an increase in multifamily permits, where the overwhelming majority of which will feed the rental market.
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  • Housing starts heat up in January, climb whopping 18.6%

    Housing starts increase to 1.23 million in January
    Housing starts significantly heated up in January, according to the latest report from the U.S. Dept. of Housing and Urban Development and the U.S. Dept. of Commerce. First American Chief Economist Mark Fleming said the 18.6% monthly increase in housing starts reflects rising consumer sentiment and builder confidence.
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  • Housing starts tumble in December

    Fall 11.2% but post yearly gain
    Housing starts for the month of December took a tumble, according to the latest report from the HUD and the Dept. of Commerce. Starts fell 11.2% in December to a seasonally adjusted annual rate of 1.08 million units, according to the report, which was delayed due to the more than month-long partial government shutdown.
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  • Experts: Housing starts signal trouble ahead

    Inventory and affordability concerns create supply and demand stalemate
    In October, growth in housing starts was propelled by development in the multifamily sector, but some experts are warning that there could be trouble ahead for the housing market. In fact, several believe that affordability and inventory concerns are contributing to a turn in the market, negatively impacting homebuilder confidence.
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  • Housing starts ticked up in July

    Single-family housing starts climbed to 862,000 in July
    Housing starts slightly increased a bit in July, according to the latest report from the U.S. Census Bureau. PricewaterhouseCoopers Principal Scott Volling said that homebuilders are being affected by a slight increase in inventory.
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  • The No. 1 U.S. market just got more affordable

    Builders focusing on more affordable housing
    Affordability continues to drop as home prices and interest rates rise and homebuyer demand grows. But in one market, the price for new homes just dropped, making it just a little more affordable for first-time homebuyers. Here’s why.
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  • Housing starts drop 12.3% in June

    Labor and supply holding construction back
    Housing starts fell 12.3% in June, indicating tariffs and taxes are a deterrence to continual growth, according to the latest report from the U.S. Census Bureau. LendingTree Chief Economist Tendayi Kapfidze said although 3-month average building permits are close to the highest level since 2007, labor shortages are weighing on building activity.
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  • New home construction slowly gains ground

    But total housing starts drop in April
    New home construction increased slightly in April, while a drop in the multifamily sector caused housing starts to fall. But despite this slight increase, housing experts are not impressed and explained new construction is lagging significantly behind its historic averages.
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  • Not even a record-breaking hurricane can slow one of nation’s top housing markets

    Here’s how Houston is performing after Hurricane Harvey
    As Houston continues to recover from last year’s hurricane season, it continues to lead the nation as one of the top housing markets. It seems not even a record-breaking hurricane can slow it down. Here’s where Houston’s market stands months later, plus its forecasted growth for 2018.
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