Economic uncertainty continues to push builders to temper their expectations (and pace of construction) based on the latest monthly new residential construction report by the U.S. Census Bureau. The Bureau’s report for July states that privately owned housing starts were at a seasonally adjusted annual rate of 1.24 million. This is a considerable decrease (12.4%)…
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…