Tag Archive for ‘housing starts’

Economists Agree That Housing Recovery Likely To Continue

Yesterday, NAHB hosted its bi-annual Construction Forecast Webinar (CFW). The CFW featured three industry experts. NAHB Chief Economist David Crowe was joined by Maury Harris, Chief US Economist at UBS, and NAHB Senior Economist Robert Denk to present views on the outlook for the US economy and the housing market more specifically. Here are the major points from the presentation:… Read More ›

Housing Production Ends the Year Strong

Housing starts in December were at a seasonally adjusted annual rate of 999,000, according to estimates from the Census Bureau and Department of Housing and Urban Development. In addition, the November level was revised up by 1.5% to a 1,107,000 annualized rate. As a result, the December reading was 9.8% below this revised November estimate, but 1.6% above the pace… Read More ›

October Housing – Permits Strong, Starts Delayed

The Census Bureau reported on building permits, but the housing starts data has been delayed until December 18 due to the partial federal government shutdown in early October. The pace of building permit issuance rose to a seasonally adjusted annual rate of 974 thousand in September and rose again to 1,034 thousand annually in October. The pace of August permitting… Read More ›

Porches on 90% of New Homes in 4 Southern States

There is a clear geographic pattern to the exterior amenities (porches, patios and decks) included on new homes, according to data from the Survey of Construction (SOC).  Among Census divisions, the highest incidence of one of these amenities occurs in the East South Central (the four southern states of Alabama, Kentucky, Mississippi and Tennessee), where 90 percent of the new homes started in… Read More ›

Single-Family Starts Hold Steady as Multifamily Drops

The U.S. Census Bureau reported that housing starts were at a seasonally adjusted annual rate of 836,000 for June, a 9.9% slower pace than May but 10.4% higher than one year ago. The month-over-month decline in housing starts largely reflected a 26.2% decrease in multifamily starts, which came in at a seasonally adjusted annual rate of 245,000 in June. Single-family… Read More ›

Solid February for Housing Starts

Housing starts for February came in at a healthy pace for both single and multifamily units. Single family housing starts in February ran at a 618 thousand annual pace (SAAR) while multifamily starts came in at 299 thousand. This represents a continuation of the solid growth trajectory in single family starts that began in earnest in late 2011 and carried… Read More ›

One-Fourth of All Single-Family Homes are Built in a Strip from Delaware to Florida

Traditionally, the Census Bureau reports statistics on new residential construction (including housing starts) only for the four principal census regions: Northeast, Midwest, South and West.  The geography is limited by the way the sample for the Survey of Construction is drawn.  In 2009, the sample was redrawn in a way that allows for slightly more geographic detail (i.e., nine census divisions). … Read More ›

Housing Starts in April – A Positive Signal

New residential construction posted promising gains in April according to today’s joint release from the Census Bureau and Department of Housing and Urban Development. Preliminary estimates for housing starts show a seasonally adjusted annual rate of 717 thousand units, split between 492 thousand single family units and 225 thousand multifamily units, gains for both sectors. This is the sixth consecutive… Read More ›

February Housing Starts Pause

Single-family housing starts declined almost 10 percent in February from an elevated January due to abnormally warm weather country wide. February also has above average temperatures but not as off-normal as January. In addition, buyers are meeting the harsh realities of tight credit standards and poor appraisals that don’t account for the condition of the distressed sales used as comparables…. Read More ›