Tag: home starts: Page 3

Business

Home starts fall 9% in March as builder confidence holds steady

With sizable drops on the start of construction of both single-family and multifamily homes in March, total U.S. home starts fell 8.8 percent for the month. The seasonally adjusted annual rate of starts fell to 1.089 million, according to preliminary data from the Commerce Department, but remain up 14.2 percent over the March 2016 figure. Single-family […]

April 19, 2016

Business

Home starts rise in February with single-family jump to 8-year high

Construction on single-family homes rose during February to its highest level since November 2007, pushing total U.S. home starts for the month up 5 percent. Starts rose to a seasonally adjusted annual rate of 1.178 million during February representing a 31-percent increase over the February 2015 figure, according to the National Association of Home Builders […]

March 17, 2016

Business

U.S. home starts fall 3.8% in January as builders remain conflicted about market’s prospects

U.S. home starts fell for a second consecutive month in January as builder confidence in the market continued its decline. Construction on new homes fell 3.8 percent in January to a seasonally adjusted annual rate of 1.143 million, according to preliminary data from the Commerce Department. That rate is 1.8 percent above the January 2015 figure. […]

February 17, 2016

Business

December dip in home starts doesn’t derail market’s momentum, but concerns remain

Despite ending the year on an unexpected sour note, the U.S. housing market had its best year since 2007 in 2015. According to preliminary data released from the Commerce Department, U.S. home starts fell 2.5 percent in December to 1.149 million. The dip came as a surprise to industry analysts especially after a strong Novemeber […]

January 21, 2016

Business

Why an error in the Commerce Department’s construction spending calculation is actually good news

The Commerce Department has announced a revision to 10 years worth of construction spending estimates, correcting a calculation error that will likely lead to a boost in the GDP. “In the November 2015 press release, monthly and annual estimates… for January 2005 through October 2015 have been revised to correct a processing error in the tabulation of […]

January 5, 2016

Business

U.S. home starts up 10.5% as labor, lot costs continue to worry builders

The start of construction on homes in the U.S. rebounded in November with gains in both single-family and apartment construction. Following a down October, home starts were up 10.5 percent to a seasonally-adjusted annual rate of 1.173 million in November, according to preliminary data from the Commerce Department. The total is 16.5 percent above the November […]

December 16, 2015

Business

U.S. home starts fall 11% in October; builder confidence dips first time in 5 months

With the start of construction on both single-family homes and apartment complexes down in October, total U.S. home starts fell 11 percent during the month. Home starts fell to a seasonally-adjusted annual rate of 1.060 million, according to preliminary data from the Commerce Department. That total is down 1.8 percent over the same time last year. […]

November 18, 2015

Home

Home starts up 6.5% in September while builder confidence reaches boom-level high

Following two months of declines, the U.S. homebuilding market rebounded and then some in September due to a surge in apartment starts. Home starts rose 6.5 percent during the month to a seasonally adjusted average of 1.206 million, according to preliminary data from the Commerce Department. That total is up 17.5 percent over the same […]

October 20, 2015

Business

Construction firms paying their bills earlier the latest indicator of U.S. industry’s strength

Calling the findings evidence of a clear “upswing” in the U.S. construction industry, a U.K.-based credit reporting agency says American construction firms are, on average, paying their bills earlier than they were last time. According to a report from the Wall Street Journal, Creditsafe Inc. assessed roughly 1.7 million U.S. construction firms and found that they […]

October 12, 2015

Business

Home starts drop 3% in August; builder confidence still on the rise

U.S. home starts were down in August with decreases in both single-family and apartment homes. The start of construction on new homes fell 3 percent during the month to a seasonally adjusted annual rate of 1.126 million, according to preliminary data from the Commerce Department. The new data also revised the July rate downward, from the […]

September 18, 2015

Business

Home starts up 0.2% in July as single-family gains offset big drop in apartments

A jump in single-family home construction starts offset a big drop for apartments as total U.S. home starts edged slightly upward in July. Construction on new homes rose 0.2 percent in July to a rate of 1.206 million and is up 10.1 percent from July 2014, according to preliminary data from the Commerce Department. Homes […]

August 18, 2015

Business

Home starts jump 9.8% as apartment construction reaches 28-year high

Thanks to a surge in new apartments, May’s decrease in home construction starts was followed up by a sizable increase in June. Construction on new homes jumped 9.8 percent in June to a rate of 1.174 million, according to preliminary data from the Commerce Department. The rate represents a 26.6-percent increase over June 2014 and the […]

July 17, 2015