Last year was not the best of times for U.S. single-family building permits because high mortgage rates scared away potential homebuyers. At the national level, in 2023 single...
Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced...
Housing starts in June hit 1,434,000, -8% below the revised May estimate of 1,559,000 and -8.1% below the June 2022 rate of 1,561,000. According to the U.S. Census Bureau, single...
With stubbornly high mortgage rates tamping down demand, in recent months the number of building permits for apartments or condos with five units or more have slipped. The preliminary...
According to the latest U.S. Census Bureau data, single‐family housing starts in May were at a rate of 997,000, +18.5% above the revised April 2023 figure of 841,000. “The May...
Housing starts in March were at a seasonally adjusted annual rate of 1,420,000, -0.8% below the revised February estimate of 1,432,000 and -17.2% below the March 2022 rate of ...
Building permit activity for 2022 was quite consolidated, with the majority of the activity in the Sunbelt or Intermountain states. The 10 largest markets (see chart on page 3...
While the timing and severity of any upcoming recession is uncertain, there’s little doubt that the U.S. housing market’s woes will continue into the near future. While that’s...