Housing Starts Archive

At a Glance: Existing Home Sales in October

NAR released a summary of existing home sales data showing that October’s existing home sales is the first year over year gain since October 2013. Additionally, this was the highest annual sales pace since September 2013.  October’s sales rose...

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...

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...