Housing Starts Take a Dive

Housing Starts Take a Nose-Dive After Months of promising development. activity in the Residential New Construction arena has been disappointing of late. With residential resale inventory down and rental prices up, the real estate industry relies heavily on new construction to fill housing gaps.

New Housing Starts Take Double-Digit Dive in August. The U.S. Census Bureau and the Department of Housing and Urban Development reported Thursday morning that new housing starts in August fell.

According to the Dallas Morning News, recent data from Residential Strategies Inc. shows that housing starts in the Dallas-Ft. Worth area dropped 4.4% for the first quarter of this year as compared to.

Housing starts fell 7.4% in April to a seasonally-adjusted 1.85 million annualized units. It was the largest drop in more than a year. Starts are now at their lowest level since November 2004. Sounds like the alarm that we’ve been sounding on housing is starting to really take shape, and that could be bad news for the economy at large.

Housing starts fell further in the month of February. “The economic fundamentals remain robust. If buyers decide to take decisive action in this period of flat rates and decelerating cost growth,

According to the Dallas Morning News, recent data from Residential Strategies Inc. shows that housing starts in the Dallas-Ft. Worth area dropped 4.4% for the first quarter of this year as.

 · Realtors estimate that housing starts and completion rates need to be in a range of 1.5 million to 1.6 million units per month to plug the inventory gap.

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 · Harvard’s Joint Center for Housing Studies provides an annual deep dive into America’s living situation with its State of the Nation’s Housing report.. Multifamily starts showed anemic.

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The government cautions that trends in starts can take up to five months to be established. The average for the past five months is 1.68 million starts, down from 1.71 million in September. First.

Housing market index (hmi) The Housing Market Index (HMI) is based on a monthly survey of NAHB members designed to take the pulse of the single-family housing market. The survey asks respondents to rate market conditions for the sale of new homes at the present time and in the next six months as well as the traffic of prospective buyers of new homes.

Housing starts slowed to an annualized rate of 1.253 million in June, the Commerce Department reported, down from May’s pace of 1.269 million, undercutting forecasts for a slight slowdown, to a.