In brief: U.S. housing starts were estimated at a seasonally adjusted annual rate of 1.221 million in September, down 5.2% from August. Single-family permits fell 4.0% to an 845,000 annual pace, a more direct warning for builders planning their next projects. The...
Canada’s homebuilders started more housing at an annualized pace in September, but the headline gain masked an 11% decline in actual starts from a year earlier. The contrast underscores the challenge of reading a volatile monthly construction series as a sign of...
For several years now, nearly every serious discussion about housing affordability has eventually arrived at the same conclusion: America needs more homes. I don’t disagree with that conclusion. What bothers me is how often we stop the conversation there, as...
Single-family housing starts in July were at a rate of 808,000, which is 9.9% below the revised June figure of 897,000, according to data from the US Census Bureau and Department of Housing and Urban Development. Privately-owned housing starts in July were at a...
Single-family housing starts in June were at a rate of 895,000, according to data from the US Census Bureau and the Department of Housing and Urban Development. This marked a 0.2% dip from the revised May figure of 897,000. Privately-owned housing starts in June were...