Tag: home building

Business

U.S. home starts tick up in July as permitted units not started hit 10-year high

After experiencing low construction rates in June, U.S. home starts rose 9% in July. Get the details on single-family & multi-family home starts today.

August 16, 2018

Business

Home starts up 1.9% in March with multi-family jump

Construction starts on new U.S. home rose 1.9 percent in March to a seasonally adjusted annual rate of 1.319 million homes, according to data from the Commerce Department. Home starts are now 10.9 percent above the March 2017 rate. The March growth was fueled by a 16.1-percent jump in multi-family home starts which are up […]

April 17, 2018

Business

Home starts kick off 2018 with 7.3% jump

The start of construction on new homes in the U.S. rose 7.3 percent in January to a seasonally adjusted annual rate of 1.326 million homes. The jump in starts more than makes up for the 7-percent drop seen in home starts at the end of 2017 where the rate of construction fell from 1.299 million […]

February 20, 2018

Business

Home starts dip, as builder confidence is shaken by recent storms

The start of construction on new homes in the U.S. fell 0.8 percent during the month of August due to a decrease in multi-family starts. Meanwhile, single-family starts are approaching a 20 percent year-over-year improvement. Despite the strength in single-family, the NAHB reports that builder confidence has fallen due to uncertainty caused by Hurricanes Harvey […]

September 20, 2017

Business

U.S. home starts fall 6.2% in March

Construction on new homes in the U.S. fell in March with declines ing both single- and multi-family starts. Total home starts fell 6.8 percent to a seasonally-adjusted annual rate of 1.215 million, according to preliminary data from the Commerce Department. Total starts remain 9.2 percent above the March 2016 figure. Single-family starts fell 6.2 percent to […]

April 19, 2017

Business

Home starts drop in January as multi-family units settle from surge

The start of construction on new homes in the U.S. fell during January due to a drop in multi-family units. Total home starts fell 2.6 percent to a seasonally adjusted annual rate of 1.246 million but remain up 10.5 percent over the January 2016 rate, according to preliminary data from the Commerce Department. This latest data […]

February 16, 2017

Business

Construction adds 36,000 jobs; home starts end 2016 on strength of multi-family units

The latest data from the federal government indicate increases in both construction employment and the start of construction on new homes. The U.S. construction industry added 36,000 jobs in January and now employs 6.809 million Americans, according to preliminary data from the Labor Department. The figure represents a 2.5-percent increase over the January 2016 employment total […]

February 6, 2017

Business

Builder confidence jumps in August despite 5.8% drop in home starts

The start of construction on homes in the U.S. fell 5.8 percent during August to a seasonally adjusted annual rate of 1.142 million, according to preliminary data from the Commerce Department. Declines in both single- and multi-family housing units brought on the monthly decline. However the rate remains 0.9 percent above the August 2015 figure. […]

September 20, 2016

Business

Home starts rise 5% in June; home builders report “scattered softness” in market

U.S. home starts rose nearly 5 percent in June on gains in both single- and multi-family residences. Total starts rose 4.8 percent to a seasonally adjusted annual rate of 1.189 million, according to preliminary data from the Commerce Department. However, total starts are down 2 percent from the June 2015 rate. Single-family home starts were up 4.4 percent […]

July 19, 2016

Business

Home starts down slightly in May but builders have optimistic outlook

Starts on new homes in the U.S. were down 0.3 percent in May from the previous month despite gains in both single- and multi-family homes. Total starts fell to a seasonally adjusted annual rate of 1.164 million in May but remain up 9.5 percent over the May 2015 mark. Single-family home starts rose 0.3 percent […]

June 17, 2016

Business

Construction spending falls 1.8% in April

Monthly declines in both residential and nonresidential construction led to a 1.8-percent decrease in U.S. construction spending during April. Spending is at a seasonally adjusted annual rate of $1.134 trillion and remains up 4.5 percent from the April 2015 rate, according to preliminary data from the Commerce Department. Total residential spending fell 1.5 percent to $445 […]

June 1, 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