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 […]

A combination of low interest rates, favorable demographics and a suburban shift for home building to smaller, more affordable housing markets created a strong demand that helped to lift new home sales in January, but rising lumber and material costs continue to threaten the momentum. Newly released data by the U.S. Department of Housing and […]

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows sales of newly built, single-family homes in December rose 1.6% to an 842,000 seasonally adjusted annual rate from a downwardly revised November reading. Solid demand for new home sales in December were offset by higher home prices, […]

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 […]

New residential construction continued its climb in October, according to the latest statistics available from the U.S. Census Bureau. In recent weeks, the Bureau reported that privately-owned housing starts were nearly 5% higher than the revised September estimate and 14.2% higher than 12 months prior. Permits were also up year over year, by 2.8%, but […]

Solid gains in single-family production have boosted overall housing starts, which increased 4.9% in October to a seasonally adjusted annual rate of 1.53 million units. The numbers are on the recent report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, which further shows the pace of single-family starts was […]

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows that sales of newly built, single-family homes in September fell 3.5 percent to 959,000, which is down from a revised August. However, the September 2020 rate is 32.1 percent higher on a year-to-date basis than the September […]

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows single-family starts continued to grow in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units. “The housing market remains a bright spot in the U.S. economy, and this is […]

Sales of newly built, single-family homes rose to its highest pace since 2006, up 13.9% to a seasonally adjusted annual rate of 901,000 units in July, according to data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The July rate is 36.3% higher than the July 2019 pace. New […]