Tag: housing starts

Housing Starts Fall to Lowest Level in 13 Months, 7 Percent Monthly Fall in Building Permits

U.S. homebuilding fell to its lowest level in 13 months in May, according to the latest monthly new residential construction data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. “Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000,” a June 16 press release…


US Home Construction, Building Permits Stall As Mortgage Rates Rise

Home construction in the United States fell in April to a five-month low, due to the highest mortgage rates in decades and an ongoing supply crisis that has snarled supply chains, according to a Commerce Department’s Census Bureau report on May 18. Rising mortgage rates caused by interest hikes by the Fed have contributed to…


Housing Starts Climb in February

Construction of new houses increased by 6.8 percent in February in the United States, reversing a decline from the previous month and bringing the seasonally-adjusted annual rate of housing starts to 1.769 million. This rebound in housing starts is the most drastic since 2006, and the magnitude of growth surpassed the monthly predictions of most experts…


US Housing Starts Decline in Cold Weather, Supply Chain Continues to Be Problematic

New residential construction projects or privately-owned housing starts, a key indicator of economic strength, declined 4.1 percent in January, as some regions in the country face freezing weather conditions along with continuing supply chain issues. “Privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,638,000. This is 4.1 percent below the…