Housing production weakened in February as ongoing high material costs and interest rates continue to affect the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau report overall housing starts decreased 10.3% to a seasonally adjusted annual rate of 1.42 million units. The 1.42 million starts is the number […]

A combination of low interest rates, favorable demographics and a suburban shift for home building to smaller, more affordable housing markets created a strong demand that helped to lift new home sales in January, but rising lumber and material costs continue to threaten the momentum. Newly released data by the U.S. Department of Housing and […]

A report issued last week from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau Housing showed that production softened in January as rising lumber prices continue to affect the housing industry. Overall housing starts decreased 6.0 percent to a seasonally adjusted annual rate of 1.58 million units. The January reading […]

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows sales of newly built, single-family homes in December rose 1.6% to an 842,000 seasonally adjusted annual rate from a downwardly revised November reading. Solid demand for new home sales in December were offset by higher home prices, […]

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows the number of single-family starts flattened in November with builders struggling to meet demand. Overall housing starts increased 1.2% to a seasonally adjusted annual rate of 1.55 million units, the number of housing units builders would begin if […]

Solid gains in single-family production have boosted overall housing starts, which increased 4.9% in October to a seasonally adjusted annual rate of 1.53 million units. The numbers are on the recent report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, which further shows the pace of single-family starts was […]

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows that sales of newly built, single-family homes in September fell 3.5 percent to 959,000, which is down from a revised August. However, the September 2020 rate is 32.1 percent higher on a year-to-date basis than the September […]

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows single-family starts continued to grow in September as overall housing production increased 1.9 percent to a seasonally adjusted annual rate of 1.42 million units. “The housing market remains a bright spot in the U.S. economy, and this is […]

Sales of newly built, single-family homes in August topped the 1 million mark and reached their highest pace since September 2006 the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reports. Sales increased 4.8 percent to a seasonally adjusted annual rate of 1.01 million units, according to the newly released data, […]

Sales of newly built, single-family homes rose to its highest pace since 2006, up 13.9% to a seasonally adjusted annual rate of 901,000 units in July, according to data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The July rate is 36.3% higher than the July 2019 pace. New […]