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Housing Starts

Single-family housing starts fell in April, but multifamily gained momentum

Construction, homebuilder, Homebuilders, Housing Starts, HWmember, Leadership, Residential Real Estate, The Builder's Daily /

Housing starts increased in April compared with a year ago, but a deeper dive into the data reveals that this uptick was driven by a noisier boost in multifamily development activity, while single-family starts declined.  According to the U.S. Census Bureau’s new residential construction data released on Thursday, housing starts, on a seasonally adjusted basis, […]

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Why housing construction can’t grow at current demand levels

Construction, Data & Visuals, Homebuilders, Housing Market, Housing Market Data, Housing Starts, HWmember, New Home Sales, U.S. Census Bureau /

The U.S. has too much supply of single-family homes and not enough demand. But why can’t housing starts grow when the White House says we are 10 million homes short? I go back to the 1984 movie “Ghostbusters” and this quote from from Dan Aykroyd’s character: “Personally, I liked the university. They gave us money

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December jobs data continues to support lower mortgage rates

Housing Market, Housing Starts, HWmember, Jobs Report, Mortgage, Mortgage Rates /

Jobs Friday came and went without much reaction in bond yields because the labor market isn’t breaking, nor is it getting stronger. Mortgage rates dropped into the 5s for a short time on Friday as a result of Trump’s earlier announcement directing the GSEs to buy $200 billion in mortgage backed securities. The 10-year yield

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Housing starts fall to lowest point since 2020, led by a stall in the Sun Belt

Construction, homebuilder, Homebuilders, Housing Starts, Leadership, The Builder's Daily /

Residential construction fell to its lowest point since May 2020, according to an October U.S. Census Bureau report that was delayed by last year’s government shutdown. Widening air pockets of demand over the past year led to an overbuild of speculative homebuilder inventory in — formerly booming — Sun Belt and Mountain West markets. Builders

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Disappointing housing permits show why we need 6% mortgage rates

Federal Reserve, Homebuilders, Housing Market, Housing Starts, HWmember, Mortgage Rates /

Homebuilders in America are cheering, not because of the disappointing housing permit data released today, but because mortgage rates are near 6%. We have seen four consecutive months of job losses in residential construction labor, as mortgage rates have been elevated and builders’ inventory has been piling up. Housing permits, which have been declining since early 2022,

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Single-family construction is getting worse due to rates

Federal Reserve, Homebuilder Confidence, Homebuilders, Housing Market, Housing Starts, HWmember, Mortgage Rates /

Today’s housing starts report from the Census Bureau shows that Federal Reserve policy remains too restrictive for housing production to grow, which in the long run impacts the fight against inflation. This is why the data on single-family construction is not improving; in fact, it is getting worse. The unfortunate part is that we don’t need

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US housing construction is dead with current mortgage rates

Homebuilders, Housing Market, Housing Starts, HWmember, Mortgage Rates, New Home Sales /

New home sales missed sales estimates significantly in Wednesday’s report and we have negative revisions to the previous months. The builders’ profit margins are dwindling, which means housing construction, which has been at early COVID-19 recession levels for some time, could worsen if mortgage rates stay elevated or head even higher. So, instead of focusing

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