Housing starts soar in August but permits plunge to 15-month low

Privately owned housing starts jumped 9.2 percent month-over-month and 9.4 percent year-over-year to a seasonally adjusted annual rate of 1,282,000, according to the latest data from the U.S. Department of Housing and Urban Development and U.S. Census Bureau. 

Building Claws Higher in July

Building clawed 0.9 percent higher in July, but still underwhelmed year-over-year, according to the Commerce Department. Combined, housing starts totaled 1.17 million, with 303,000 multifamily (five units or more) starts and 862,000 single-family starts. On an annual basis, starts tumbled 1.4 percent. Approvals for builds, encouragingly, increased 1.5 percent to 1.31 million permits, with approvals […]

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Housing Starts: Ground-Breaking in June Plummets

Home-building in June sharply slid, with overall starts toppling 12.3 percent, and single-family starts tumbling 9.1 percent, according to the Commerce Department. Housing starts totaled 1.17 million, with 304,000 multifamily (five or units or more) starts and 858,000 single-family starts. Additionally, approvals for builds fell 2.2 percent to 1.27 million permits; however, approvals for single-family […]

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US housing starts plummet 12% in June, marking 9-month low

The number of new home permits issued nationwide fell to the lowest in nine months, according to a new Housing Starts report.

Are we in a housing bubble? It depends on who you ask

Are we in a housing bubble? That’s a big question that’s constantly on the mind of everyone in the industry. One financial analyst thinks so, but real estate economists who spoke to Inman disagree.

US housing starts reach highest level in over a decade

Residential housing starts rose 5 percent in May, the highest rate since June 2007, according to Bloomberg.

New housing starts fell in April, especially multifamily projects

Multifamily housing starts with five or more units fell from a seasonally adjusted 428,000 in March 2018 to 374,000 in April, a 12.6 percent drop. 

Why we can’t count on current homeowners to boost low inventory

Seventy-nine percent of homeowners told Bankrate they don’t plan to move in the next five years. Another 62 percent said they’ll never move from their current home …

Economic Forecast: Expectations High, but Less Long-Term Optimism

The latest Urban Land Institute (ULI) Real Estate Economic Forecast predicts modest fluctuations across the board for 27 economic/real estate indicators. The three-year forecast is completed semi-annually, surveying over 48 economists and analysts at 36 real estate organizations. A leading concern? Rising interest rates. ULI forecasts interest rates to be 0.4 percent higher in 2018 […]

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Housing Starts Overall Upsurge, While Single-Family Wanes

Home-building in March picked up, with housing starts on a 1.9 percent surge and totaling 1.32 million, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family starts waned, down 3.7 percent to 867,000. Multifamily starts (five units or more) came in at 439,000. “The modest decline in single-family […]

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