The new construction housing market continues to improve.. One day after the National Association of Homebuilders reported a 5-year high in homebuilder confidence, the U.S. Census Bureau reports that single-family housing starts rose 2 percent for the second straight month last month.. In April, on a seasonally-adjusted, annualized basis, the government reports 492,000 single-family housing.
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According to the Commerce Department’s tally, December’s total housing starts were down from November, but single-family starts were at the highest rate in 21 months. December housing starts were at a seasonally adjusted annual rate of 657,000, down 4.1% from the November pace of 685,000. But compared with last year, total starts are up 24.9%.
· The new construction housing market continues to improve. One day after the National Association of Homebuilders reported a 5-year high in homebuilder confidence, the U.S. Census Bureau reports that single-family housing starts rose 2 percent for the second straight month last month. In April, on a seasonally-adjusted, annualized basis, the government reports 492,000 single-family housing starts.
Single-family housing starts in June were at a rate of 858,000; this is 9.1 percent (8.8 percent) below the revised May figure of 944,000. The June rate for units in buildings with five units or more was 304,000. Privately-owned housing completions in June were at a seasonally adjusted annual rate of 1,261,000.
The increase in housing starts fell short of expectations in August, up a slight 0.9% from July, the Census bureau revealed wednesday. housing starts in August were at a seasonally adjusted rate of.
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· An economist who specializes in the wood products industry explains why he believes most forecasts for housing starts are too low. By Paul Jannke The U.S. housing sector is in its worst downturn in more than 50 years. With five months of data in, single-family housing starts are poised to average just 370,000 units at.
Construction of single-family houses moved upward a little bit in April, the Commerce Department recently reported. Overall starts dropped 12.8 percent to a seasonally adjusted 458,000 units, although that was confined to multifamily housing. single-family housing grew 2.8 percent to 368,000 units.
The single family numbers are 599,200 and 562,600 respectively. The picture painted by housing starts was much more encouraging, although they were heavily tilted toward the multi-family construction..
. year-to-date single-family starts are 9.1 percent ahead of their level over the same period last year – two indicators that this sector continues to improve.” Regionally, combined single-family.
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