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Single Family Housing Starts

All articles tagged with #single family housing starts

real-estate1 year ago•4 min saved

"US Housing Starts Surge to Near Two-Year Highs, Accelerating Market Recovery"

Single-family housing starts in the US surged 11.6% in February, reaching the highest level in nearly two years, driven by mild temperatures and a shortage of existing homes. Builders are offering incentives and reducing home sizes to manage higher material costs. With mortgage rates expected to trend lower, homebuilding could contribute to economic growth. Single-family building permits also rose to a 1-1/2-year high, and completion rates increased, potentially helping to bridge the housing inventory gap.

via Reuters|

#building-permits #economic-growth #federal-reserve

economy2 years ago•4 min saved

"Strong Surge in US Housing Starts and Homebuilder Sentiment Amid Falling Mortgage Rates"

Single-family housing starts in the US reached a 1-1/2-year high in November, rising 18.0% and indicating potential momentum in the housing market due to declining mortgage rates and incentives from builders. Permits for future construction of single-family housing also increased to the highest level since May 2022. Economists predict that the housing market will help the US economy avoid a recession next year, as housing demand remains high and builders add more supply to meet that demand. Overall housing starts advanced 14.8%, while permits fell 2.5%.

via Reuters|

#building-permits #economic-growth #economy