Breitbart Business Digest: This Old House Didn’t Start
The real estate recovery hit an air pocket in June.
The real estate recovery hit an air pocket in June.
The nascent recovery in the U.S. housing market took a breather in March.
The today’s economic data is hard to square with the idea that the economy is on the brink of a recession.
If the Fed were not so distracted by the ongoing run on regional banks, this nascent recovery in housing might be a cause for concern.
Has disinflation in housing already gone dry?
Single-family housing starts in September were at a rate of 892,000, 4.7 percent below the revised August figure of 936,000. Compared with a year ago, single-family starts are down 18.8 percent.
A big jump in multifamily construction boosted starts in August.
The good economic news about last month or the month before that is bad news for months ahead of us.
Construction of single-family homes has fallen below its prepandemic level.
Home builders slammed on the brakes in May as interest rates and inflation soared.
A sharp slowdown in home sales can be a tell-tale sign that an economic slump is lurking ahead.
Big downward revisions to prior months show inflation and higher rates had slowed the market earlier than thought.
Construction delays, high prices for materials, and rising interest rates took a bite out of single-family construction in March.
The usual relationship of completions to construction has been flipped on its head for nine months.
Skyrocketing prices for materials and widespread shortages are behind the surprise decline in building activity in January.
Lumber costs jumped 24 percent in December, likely depressing single-family construction for the month.
High prices of materials were holding back construction. But now that inflation appears to be persistent, it no longer makes sense to hold off on new projects.
Housing starts disappointed in October as builders grappled with supply shortages and scarce labor.
Home prices have soared but construction still lags behind expectations.
Apartment construction picked up in August but single-family house construction dipped.
Housing starts dropped by far more than expected as shortages and rising costs hit builders.
Home construction in the U.S. rose by more than expected in June as builders rushed to fill a gap left by a dearth of existing homes for sale and surging demand from families fleeing cities.
Private homes were started at a seasonally adjusted, annualized rate of 1.569, a 9.5 percent decline from March, Commerce Department showed Tuesday. Economists had expected a rate of 1.705 million.
Single-family home construction is up 28 percent compared with a year ago.
Surging demand for houses has triggered a home building boom.
Single family home building continues to boom.
American homebuilders are scrambling to build suburban homes to keep up with a rush out of big cities.
Homebuilders started construction on new homes at a seasonally adjusted annualized rate of 1.021 million, 12.1 percent higher than a year ago and up 4.1 percent from the prior month. Single family home construction rose in the West and Midwest
Home building activity rose at a much faster pace than expected in July.
More evidence of the flight to the suburbs after lockdowns, riots, defund the police protests, school closings, and surging crime
Both permits and housing starts showed strong signs of a solid recovery in October.
October was not the disaster some feared after the steep decline in homebuilder sentiment.
Housing starts bounced back in July but by far less than expected. Could the construction boom be coming to an end?