Total housing starts rose 12.3% in August primarily due to a surge in multifamily production, according to a report from the U.S. Housing and Urban Development and Commerce Department. This is the highest level since May 2007. “This solid report is in line with our latest survey on builder sentiment,” said Greg Ugalde, chairman of […]

Major manufacturing areas saw a drop in home construction in the second quarter of 2019 the latest Home Building Geography Index (HBGI) reports. The National Association of Home Builders (NAHB) annual report heralds an economic softening in the manufacturing sector contrasting 2017 growth rates of home construction where counties with relatively high shares of local […]

Single-family housing production made solid gains at the end of last year. The number of nationwide housing starts rose 4.4 percent to a seasonally adjusted annual rate of 1.089 million units in December, according to newly released data from the U.S. Commerce Department. For the year, overall housing starts topped 1 million units. “With overall […]