Housing Starts Archive

Latest Housing Starts – August 2014

Disappointingly, housing starts fell measurably in August. Homebuilder confidence had risen to a 9-year high but that is not being matched by what is actually happening on the ground. The current pace of new home construction is woefully low...

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...

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...