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Tag: apartment construction
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
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
Business
Home starts tumble 11.1 percent in May following April’s big jump
Large ups and downs in the rate of new home construction have become somewhat of a trend halfway through the year as U.S. home starts fell 11.1 percent following the largest monthly gain in 24 years in April. Home builders began construction on homes at a rate of 1.036 million in May, according to preliminary data […]
June 16, 2015
Business
Home starts fall 1.6% in November as builder confidence slips
The rate of construction on new single family homes fell in November and with it went the rate of all U.S. home starts for the month. Construction on single- and multi-family homes fell 1.6 percent in November to a seasonally adjusted annual rate of 1.028 million, according to preliminary data from the Commerce Department. The latest report […]
December 16, 2014
Business
Home starts dip 2.8% in October as builder confidence clicks back up
U.S. home starts fell 2.8 percent in October to a seasonally adjusted annual rate of 1.009 million, according to preliminary data from the Commerce Department. The latest report also revised the September rate upward from 1.017 million to 1.038 million. Home starts in the U.S. are now up 7.8 percent over October 2013. For the last […]
November 19, 2014
Business
Construction spending dips 0.8% in August due to fall in nonresidential
U.S. construction spending saw its second dip of the year in August, falling 0.8 percent. Spending was at a seasonally adjusted annual rate of $961 billion in August, according to preliminary estimates in a report from the Commerce Department. In addition to August’s dip, the report revised downward the rates for the previous two months […]
October 1, 2014
Roadbuilding
Nonresidential projects push construction spending to largest monthly gain in more than 2 years in July
After seeing its first drop in one year during June, construction spending in the U.S. fully recovered and then some in July, with its largest monthly gain in more than two years. Construction spending rose 1.8 percent to a seasonally adjusted annual rate of $981.3 billion in July, according to preliminary estimates by the Commerce […]
September 3, 2014
Business
Home starts jump 15.7% in July as builder confidence strengthens
It would appear that despite a couple of rough months, homebuilder confidence in the U.S. housing market was not misplaced. Following two months of decreases, construction on new homes in the U.S. made up quite a bit of ground in July, rising to the second highest level this year. Home starts rose 15.7 percent last […]
August 19, 2014
Business
Home starts fall 9.3% to 9-month low in June, but builder confidence is on the rise
After gains in Spring jumpstarted what many hoped would be a high-activity construction season following a harsh winter, construction on new homes in the U.S. was down for the second consecutive month in June. Home starts fell 9.3 percent last month to a seasonally adjusted annual rate of 893,000—the lowest pace in nine months. The Commerce […]
July 17, 2014
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