Construction Archive

The Latest Housing Starts (September 2014)

Homebuilders were busier in September, digging more dirt and ready to bring more new homes to the market.  But construction was tilted towards multifamily apartment units.  Single-family home construction still remains well below historical norms.  A housing shortage is...

The Latest Housing Starts

Total housing starts surged 15.7% from June to July to 1.093 million in July.  This is the highest pace since November of 2013.  The bulk of the increase came from the multifamily sector, but there was solid growth on...

New Home Sales in May

Sales of newly constructed homes soared to the highest level in six years. In May, sales jumped 19 percent to an annualized pace of 504,000 units. Rising sales are a reflection of pent-up demand and indicate further increases in...

Housing Starts in March

Housing starts rose by 3 percent in March.  More single-family homes are being constructed while multifamily units contracted modestly. The latest pace of 946,000 units on an annualized basis, however, is still well short of what is needed to...

Construction Costs and Commodities Price Trends

The cost to build homes has been rising much faster than the broader consumer price index.  In February the construction cost to build homes rose 7.8 percent from one year ago.  Cumulatively over the past 2 years, the cost...