Tag Archive for ‘starts’

Single-Family Starts Save the Day

Housing starts rose 0.9% in August pushed by a solid 7% increase in single-family starts and tempered by an 11% fall in multifamily starts. The single-family increase was broad; all four census regions showed increases ranging from 17.5% in the West to 2.3% in the South. Monthly multifamily starts have saw-toothed up and down for several months with four up… 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 ›

Housing Starts a Mixed Bag

Data released by the U.S. Census Bureau in conjunction with the Department of Housing and Urban Development indicates that privately-owned housing starts were at a seasonally adjusted annual rate of 896,000 in July, 6% above the upwardly revised June estimate of 846,000 and 21% above the July 2012 rate of 741,000. The month-over-month increase in housing starts reflects sizeable gains… Read More ›

Size of New Homes Continues to Edge Up

According to recently released data from the Survey of Construction (SOC), the trend toward smaller home sizes, which started during the market downturn, has since reversed itself. In fact, since 2009, the median size of newly started single-family homes has increased steadily to a record high of over 2,300 square feet last year. The SOC is conducted by the Census… Read More ›

Builder Confidence and Housing Starts

The NAHB/Wells Fargo Housing Market Index is at its highest level in almost 8 years. The July level of 57 was up 6 points from June and 16 points from April. The index has been on a fairly steady rise since wandering in the teens through almost all of 2011. In percentage terms, the HMI has more than doubled between… Read More ›

Builder Confidence and Housing Starts

The NAHB/Wells Fargo Housing Market Index is at its highest level in almost 8 years. The July level of 57 was up 6 points from June and 16 points from April. The index has been on a fairly steady rise since wandering in the teens through almost all of 2011. In percentage terms, the HMI has more than doubled between… Read More ›

Housing Production Modest Growth

May housing starts rose 6.8% as apartment construction rebounded from an unusually low April and single-family construction remained virtually even. Total starts at a 914,000 seasonally-adjusted annual rate (SAAR) have been above 900,000 for three of the last five months.   Regionally, the South was the only region with an increase in single-family starts (12.2%) while the Northeast dropped 20%,… Read More ›

Housing Production Modest Growth

May housing starts rose 6.8% as apartment construction rebounded from an unusually low April and single-family construction remained virtually even. Total starts at a 914,000 seasonally-adjusted annual rate (SAAR) have been above 900,000 for three of the last five months.   Regionally, the South was the only region with an increase in single-family starts (12.2%) while the Northeast dropped 20%,… Read More ›

Apartment Production Spikes to an Unsustainable Rate

The Census Bureau’s preliminary estimate for starts in buildings with five or more apartments in March came in at a massive (seasonally adjusted annual) rate of 392,000 units.  In the Census construction report, this shows up as a 27 percent increase over February.  However, the number for February was itself revised upward by 24,000—so the five-plus starts rate for March… Read More ›