Mortgage rates continue to drop to close out 2023, a positive turn of events for potential buyers after 17 consecutive weeks with rates above the 7% mark.
Read More »New Building Permit Numbers Beats Expectations
“U.S. housing starts in July were at a seasonally adjusted annual rate of 1.452 million, which is 3.9% above the downward revised June estimate of 1.398 million and is 5.9% above the July 2022 rate of 1.371 million,” First American Deputy Chief Economist Odeta Kushi said.
Read More »May’s Housing Starts Rise Above Expectations
“U.S. housing starts in May came in above consensus expectations at a seasonally adjusted annual rate of 1.63 million, which is 21.7% above the revised April estimate of 1.34 million and 5.7% above the May 2022 rate of 1.54 million,” said First American Economist Ksenia Potapov.
Read More »Nearly 3,000 New Homes Completed Per Day
Over the last decade, an average of 2,971 single-family homes were completed every day compared to the 3,513 permits issued daily.
Read More »May Housing Completions Jump 9.1% Month-Over-Month
Hitting the highest rate recorded in 15 years, housing completions rose in May, a sign that construction bottlenecks may be easing.
Read More »Housing Starts Edge Upward Month-Over-Month
Despite lingering supply chain concerns, there were 811,000 single-family units under construction in March, marking the highest level since 2006.
Read More »The Week Ahead: How Will the Housing Market Exit 2021?
HUD and the Census Bureau are set to release their new residential construction data, a gauge of how the market will close out Q4 as the supply/demand struggle continues.
Read More »Can Builders Keep up With Demand?
Here’s what experts—interpreting data from the Census Bureau’s latest housing starts survey—had to say about how the spring season is likely to pan out for homebuilders and buyers.
Read More »Housing Starts Flip-Flop
An expert explains why housing starts have declined despite a strong showing in the prior month, and what is in store for homebuyers based on this trend.
Read More »Home Wasn’t Built in a Day
From permit stage to home sweet home, it took an average of 7.5 months to complete construction of a single-family house last year, an annual survey reveals, but some U.S. regions saw that wait time reach into the double digits.
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