The U.S. Housing and Urban Development and Commerce Department reports that single-family and multifamily starts each posted solid gains in July, with total housing production up 22.6 percent to a seasonally adjusted annual rate of 1.50 million units. It is the highest production rate since February. “The market is being buoyed by historically low interest […]

Total housing starts decreased 1.5% in February from an upwardly revised January reading to a seasonally adjusted annual rate of 1.60 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. Meanwhile, overall permits declined 5.5% to 1.46 million. The February reading of 1.60 million is the number of […]

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 […]