Tag Archive for ‘starts’

Single-Family Starts Level Off in November

Single-family starts leveled off in November, according to data from the U.S. Department of Housing and Urban Development and the Census Bureau. Single-family construction is up 10.1% year-to-date, with notable gains in 2020 for the Midwest, parts of the West and other lower-density markets. The pace of single-family starts in November was the highest production rate since the spring of… Read More ›

Single-Family Starts: Best Pace Since Spring of 2007

Single-family starts experienced continued gains in October, according to data from the U.S. Department of Housing and Urban Development and the Census Bureau. Single-family construction is up 8.6% year-to-date, with notable gains in 2020 for the Midwest and other lower-density markets. The pace of single-family starts in October was the highest production rate since the spring of 2007. Single-family building… Read More ›

Home Building: Sales Outpacing Starts by a Historic Margin

After a sharp decline in the spring, home building has staged a dramatic rebound. In fact, supported by low mortgage rates, an evolving geography of housing preferences, and favorable demographic tailwinds, housing demand has improved so quickly that the current difference between the pace of newly-built single-family home sales and for-sale single-family construction starts has reached a historic level. The… Read More ›

Single-Family Starts Expand in August

Single-family starts showed continued growth in August but overall housing production fell 5.1 percent to a seasonally adjusted annual rate of 1.42 million units due to a double-digit percentage decline in multifamily production, according to data from the U.S. Housing and Urban Development and Commerce Departments. The pace of single-family starts in August was the highest production rate since February…. Read More ›

Single-Family Built-for-Rent Construction Down in 2Q20

The number of single-family homes built-for-rent (SFBFR) posted a small year-over-year decline for the second quarter of 2020. The SFBFR market has received attention as a means to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period of double-digit unemployment and weak wage growth. Single-family built-for-rent construction does differ in… Read More ›

Townhouse Construction Weakness Continues

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during a challenging second quarter. The sector was also relatively weaker than the overall building market. As housing demand has shifted to more suburban and exurban areas, and housing affordability headwinds persist, medium-density construction has lagged. During the second quarter… Read More ›

Housing Starts Gain Ground in July

Single-family housing permits and starts expanded in July as housing demand and construction remains a bright spot for the overall economy. Demand is being supported by low interest rates and a renewed focus on the importance of home amid the virus crisis. Single-family starts in July were estimated by Census/HUD at a 940,000 seasonally adjusted annual rate, after a revised… Read More ›

Gains for Single-Family Permits, Starts in June

Single-family housing permits and starts were higher in June as housing demand and construction remains a bright spot for the overall economy. Demand is being supported by low interest rates and renewed focus on the importance of home amidst the virus crisis. Single-family starts in June were estimated by Census/HUD at an 831,000 seasonally adjusted annual rate, after an revised… Read More ›

Gain for Single-Family Permits Points to Building Growth

Single-family housing starts were flat in May, albeit off an upwardly revised estimate for construction in April. Single-family starts in May were estimated by Census/HUD at a 675,000 seasonally adjusted annual rate, after an revised estimate of 674,000 for April. However, the turning point for the market was found in the permits data. Consistent with recent gains in the NAHB/Wells… Read More ›

Gains Expected for Single-Family Built-for-Rent Construction

The number of single-family homes built-for-rent (SFBFR) posted a small year-over-year increase for the first quarter of 2020 despite otherwise challenging market conditions. The SFBFR market has received attention as a means to add single-family inventory amid concerns over housing affordability and downpayment requirements in the for-sale market, particularly during a period involving elevated unemployment and weak wage growth. Single-family… Read More ›