According to economists responding to the latest National Association of Business Economics survey, which managed to find some bright spots concerning next year’s economic outlook, housing starts are expected to increase 10% in 2012. Economists surveyed expect housing starts to reach 600,000 units in 2011, just slightly above the 2010 total. The nation’s gross domestic […]
Housing Starts Increase in June
Privately-owned housing starts in June were at a seasonally adjusted annual rate of 629,000. This is 14.6 percent (±10 9%) above the revised May estimate of 549,000 and is 16.7 percent (±11.8%) above the June 2010 rate of 539,000. Single-family housing starts in June were at a rate of 453,000; this is 9.4 percent (±11.1%)* […]
Housing Starts Fell 22.5% in February
Housing starts fell 22.5% in February, well below most analysts’ estimates and to the lowest rate in almost two years, according to Commerce Department data. In a joint release, the Census Bureau and Department of Housing and Urban Development said starts fell to a seasonally adjusted rate of 479,000 units, down from a revised 618,000 […]
Housing Starts Hit 18-Month Low
New home construction fell to an 18-month low in October, according to a recent government report. Housing starts, or the number of new homes being built, fell 11.7% to a seasonally adjusted annual rate of 519,000 in October, down from a revised 588,000 in September. The annual rate is the lowest since the 477,000 starts […]