housing starts series | Eye On Housing

Housing Starts Decline Amid Economic Uncertainty

Danushka Nanayakkara-SkillingtonApril 17, 2025April 17, 202504 mins

Constrained housing affordability conditions due to elevated interest rates, rising construction costs and labor shortages led to a reduction in housing production in March. Overall housing starts decreased 11.4% in March to a seasonally adjusted annual rate of 1.32 million units, according to a report from the U.S. Department of Housing and Urban Development and…

Single-Family Housing Starts Hit 12-Month High in February

Jing FuMarch 18, 2025March 18, 202523 mins

Limited existing inventory helped single-family starts to post a solid gain in February, but builders are still grappling with elevated construction costs stemming from tariff issues and persistent shortages related to buildable lots and labor. Overall housing starts increased 11.2% in February to a seasonally adjusted annual rate of 1.50 million units, according to a…