After the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed a slight dip in builder confidence in March, data from the U.S. Census Bureau shows a rise in building permits issued for the same month, along with a sharp year-over-year increase. In March, officials for NAHB pointed to material costs and […]

Housing production weakened in February as ongoing high material costs and interest rates continue to affect the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau report overall housing starts decreased 10.3% to a seasonally adjusted annual rate of 1.42 million units. The 1.42 million starts is the number […]

Total housing production fell 3.7 percent in April to a seasonally adjusted annual rate of 1.29 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. Despite the drop, the housing number still remain near a post-recession high, as the March report marked an 11-year […]

With rising springtime temperatures comes rising home production. In March, nationwide housing starts rose 2 percent to a seasonally adjusted annual rate of 926,000 units. That’s an upward revision from February’s reading, according to newly released data from the U.S. Commerce Department. Single-family housing production rose 4.4 percent to a seasonally adjusted annual rate of […]