The construction market for November shows a mixed basket of results in confidence and spending. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today, builder confidence in the market for newly built single-family homes edged one point lower in November from October, to 70. While residential construction spending […]

Total housing starts fell 4% in July from a downwardly revised reading in June, according to a report from the U.S. Housing and Urban Development (HUD) and Commerce Department. Due to a decline in multifamily production, the seasonally adjusted annual rate of 1.19 million units is the number of housing units builders would begin if […]

Total housing starts dipped slightly by 0.9% in June with single-family gains offsetting a drop in multi-family production according to a report from the U.S. Housing and Urban Development and Commerce Department. The adjusted seasonal annual rate of 1.25 million units is the projected total of starts builders would begin if they kept the same […]

Single family home sales are slowing down this year, mainly due to a decrease in affordability. This is due to a number of factors, including labor shortages, higher lot prices and rising costs for materials. At the same time, spending for home improvement and repair work is also expected to soften, since it shadows expenditures […]