Housing Starts Archive

Three-Year Change in Employment vs. Housing Starts

Despite the recent slowdown in home sales, inventories remain low, with the months supply averaging 6 months or less for 20 consecutive months. This dynamic has pressed up on prices, but new construction has been slow to respond. Prior...

Sluggish Construction Portends Steady Price Growth

Summary: Supply remains constrained Construction has not kept up with long-term demand Affordability concerns appear to be driving builder pensiveness rather than REO patterns Much has been made of the drop in existing home sales this spring. The weather...

Latest Mortgage Purchase Applications

  The number of people applying for mortgages for a home purchase fell in the latest week by 3 percent from the prior week. From a year ago, activity is down by 12 percent. A negative hit to housing...

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...

The Latest on Housing Starts

Summary of the Latest Data Despite the housing inventory shortage, homebuilders are not building new homes in needed quantities.  New home construction activity remained depressed in February, below one year ago levels.  The weather cannot be the sole reason. ...