Tag: housing permits
Single-family starts drop in November as builders face affordability concerns
Rising housing affordability issues continue to hinder single-family production even as total housing starts increased in November.
New home sales and starts increase in August
Sales of newly built, single-family homes rose 3.5 percent in August to a seasonally adjusted annual rate of 629,000 units after downwardly revised June and July reports.
Residential housing starts increased in May, building permits declined
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced new residential construction statistics for May 2018.
April residential construction stats below expectations
"With single-family starts coming in below 900,000 and aggregate starts below 1,300,000, and despite double-digit percentage improvements over last year's results, this month's numbers are a bit disappointing," said Scott Volling, principal, PwC.
Residential construction increases, but low inventory persists
While March results for both housing starts and permits were strong, the residential market is facing a confluence of challenges including low inventory, constrained labor, and rising material costs, ultimately creating a growing bubble of pent up demand and affordability challenges.
U.S. housing starts and permits for November exceeded expectations
According to Scott Volling, principal, PwC, “Housing starts and permits for November both exceeded consensus estimates, boosted by the highest number of single family starts since September of 2007."
December U.S. residential construction statistics released
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced new residential construction statistics for December 2016.