Posts Tagged ‘ housing starts ’

Construction Outlook: Regarding Labor, No Good News to be Found

Oct 18th, 2021

Annual predictions surrounding housing starts and remodeling activity always include a mix of good and bad news. Perhaps remodeling activity was strong, but housing starts were stagnant. Often, economists would point to the future, even a year or two out, and have some end in sight—a sign of hope. This year, when Kermit Baker, chief […]

January Shows Upswing in Construction; High Demand Offsets Higher Costs-For Now

Feb 22nd, 2021

A report issued last week from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau Housing showed that production softened in January as rising lumber prices continue to affect the housing industry. Overall housing starts decreased 6.0 percent to a seasonally adjusted annual rate of 1.58 million units. The January reading […]

Single-Family Starts Leveling Off at Strong Pace in November

Dec 18th, 2020

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows the number of single-family starts flattened in November with builders struggling to meet demand. Overall housing starts increased 1.2% to a seasonally adjusted annual rate of 1.55 million units, the number of housing units builders would begin if […]

Westcoast Dealers Lean on Financial Strength to Gain Markets

Feb 27th, 2020

According to year-end housing data, on a regional and year-to-date basis, combined single-family and multifamily housing starts were lower in the Midwest and West regions. While the West was hit the hardest, at -4.7%, data collected by [DWM] shows that some door and window dealers have landed strategies that more than make up for those […]

Solid Start to Housing Production in 2020

Feb 21st, 2020

U.S. Housing and Urban Development and Commerce Department reported a 3.6 percent decrease in total housing starts in January compared to an upwardly revised December reading. Those numbers lead to a seasonally adjusted annual rate of 1.57 million units, according to the report. Meanwhile, overall permits surged to a 13-year high. The January reading of […]

New Home Sales Trend Higher in November

Dec 27th, 2019

Sales of newly built, single-family homes increased 1.3% to a seasonally adjusted annual rate of 719,000 units in November, off a downwardly revised October reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the fourth consecutive month that sales topped 700,000. “Fueled […]

August Housing Starts Post Healthy Gains

Sep 19th, 2019

Total housing starts rose 12.3% in August primarily due to a surge in multifamily production, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest level since May 2007. “This solid report is in line with our latest survey on builder sentiment,” said Greg Ugalde, chairman of […]

July Single-Family Starts Rise While Multifamily Dive

Aug 16th, 2019

Total housing starts fell 4% in July from a downwardly revised reading in June, according to a report from the U.S. Housing and Urban Development (HUD) and Commerce Department. Due to a decline in multifamily production, the seasonally adjusted annual rate of 1.19 million units is the number of housing units builders would begin if […]

Single-Family Starts Increase Levels Out Totals in June

Jul 17th, 2019

Total housing starts dipped slightly by 0.9% in June with single-family gains offsetting a drop in multi-family production according to a report from the U.S. Housing and Urban Development and Commerce Department. The adjusted seasonal annual rate of 1.25 million units is the projected total of starts builders would begin if they kept the same […]

Multi-Family Propping up Housing Starts in November

Dec 20th, 2018

Recently released data from the U.S. Department of Housing and Urban Development and the Commerce Department reveals overall housing starts rose to 3.2 percent in November, bringing the seasonally adjusted annual rate (according to the National Association of Home Builders) to 1.26 million units. Year-to-date starts are 5.1 percent higher than this period last year. […]

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