In May, housing construction starts bottomed-out to a six year low, according to the U.S. Census Bureau, attributed to ongoing challenges such as construction costs and high mortgage rates triggered by rising inflation. The newest monthly update, however, shows a recovery—for at least one sector of the housing market. The latest monthly new residential construction…
Affordability and decreased buyer demand continue to put downward pressure on the housing construction industry, with new-home sales seeing a significant month-to-month dip in the latest data from the Census Bureau and the Department of Housing and Urban Development. The New Residential Sales report saw new-home sales fall 7.3% to a rate of 580,000 in…
Housing construction took a definite hit in May as inflation reached new peaks and affordability remains challenged, as seen in recent data from the U.S. Department of Housing and Urban Development and the Census Bureau. The latest New Residential Construction report saw housing starts clock in at a rate of 1,177,000 in May, down a…
Housing starts softened in April after March’s sharp increase, though year-over-year comparisons remain slightly positive as the housing market navigates shifting seasonal patterns. In the New Residential Construction report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, new housing starts were down 2.8% from March to a seasonally adjusted…
Homebuilders appear to be showing some signs of measured optimism as new construction showed significant gains against the tide of market challenges and the ongoing conflict with Iran, according to the latest data from the Department of Housing and Urban Development (HUD) and the Census Bureau. The New Residential Construction report for March (which also…
While 2025 overall was markedly disappointing for homebuilders, large jumps in new construction at the end of the year seem to outline a brighter future for 2026, one that builders are looking to approach with caution. A delayed New Residential Construction report from the Census Bureau found that housing starts in December came in at…
Privately owned housing starts in October were at a seasonally adjusted annual rate of 1,246,000, 4.6% below the revised September estimate of 1,306,000 and 7.8% below the October 2024 rate of 1,352,000, according to a Jan. 9 report from the Census Bureau and the Department of Housing and Urban Development (HUD). The starts fell to…
A lack of inventory and an affordability crunch since the pandemic have affected the housing market in many ways, few of them positive for buyers. But one interesting dynamic remains pricing between new builds and existing homes—with existing homes historically much cheaper. Despite a welcome surge in inventory overall, the price of a new build…