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. 

The unemployment rate is at its lowest level since 2000: Bureau of Labor Statistics

After a disappointing March where only 103,000 jobs were created, this month’s U.S. Bureau of Labor Statistics employment situation report is back on the upward track — although it’s still nowhere near February’s explosive growth in the construction, retail, manufacturing, mining and business services.

New home sales up 4 percent in March, reversing recent declines

New home sales are finally on an upward path, after three months of month-over-month declines. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD)…

New home sales up 4% in March, reversing recent declines

New home sales are finally on an upward path, after three months of month-over-month declines. According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD)…

What can migration patterns tell us about the housing market?

When measuring the health of a metro’s housing market, analysts most often examine home price appreciation, available inventory and days on market. But BuildZoom Chief Economist Dr. Issi Romem says further insight can be gathered about the future of the nation’s largest markets by tracking inbound and outbound migration trends across demographics, such as age, education and income level.

Gen Z expected to outspend millennials on rent

When it comes to rental costs, millennials carry a burden heavier than that of any other generation in history — but if average rental rates continue to soar at their current pace, Generation Z will have it worse …

Housing starts unexpectedly fall, multifamily sector to blame

“Housing completions, the number of net new homes added to the housing stock, increased dramatically compared with a year ago. This signals some relief for the supply shortage.” …

Are new-home sales really dropping? Check the margin of error, says research firm

John Burns Real Estate Consulting director of research Rick Palacios Jr. says even though he saw plenty of industry professionals sharing the report and expressing concerns about the decline in new-home sales in both January and December, now is actually not the time to worry. In fact, he says new-home sales are on the rise, at least according to the firm’s own research that involves surveying 300 builders every month that account for approximately 17 percent of the nation’s new-home sales …

New home sales fall a jaw-dropping 33.3% in the Northeast

New residential home sales continued on a downward path in January, after a 9.3 percent month-over-month decrease in December …

Housing starts make solid 10% gain over December

“Ultimately, there is still large room for improvement given the fact overall housing inventory is currently near historic lows,” said NAR Chief Economist Lawrence Yun …