Single-family housing starts improve

Housing starts increased in January, lead by a gain in the single-family market. Even building permits, which decreased, were offset by an increase in permits in the single-family housing sector.

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Single-Family Starts Rise in Line with Builder Confidence. Regionally in November, combined single- and multifamily housing production rose 19.0 percent in the West and 11.1 percent in the South. Starts fell 12.9 percent in the Midwest and 39.6 percent in the Northeast. Overall permit issuance in November was down 1.4 percent to.

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.

Single-family housing starts in April were at a rate of 894,000. “With these fundamentals in place, the housing market should improve at a steady, gradual pace in the months ahead.”.

Passfail.com News: Housing Starts Increase HOUSING starts (million units, saar) Multi-Family (0.45) single-family (0.82) source: US Department of Commerce, Bureau of the Census. yardeni.com Figure 3. Housing Starts Page 2 / June 25, 2019 / US Economic Indicators: Housing Starts www.yardeni.com Yardeni Research, Inc.

The data are for new, privately-owned housing units, excluding "HUD-code" manufactured (mobile) homes. The data are from the Building Permits Survey, and from the Survey of Construction (SOC), which is partially funded by the Department of Housing and Urban Development (HUD). Local building permit data may be found on the Building Permits Survey webpage.

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The housing market continues to improve. According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years.. A "housing start" is a home on which construction has started and home builders are breaking ground at rates not seen even.

Housing starts improved by more than expected in April, increasing by 5.7 percent to a 1,235,000 unit annual rate. Single-family starts improved, gaining 6.2 percent to an 854,000 unit rate. This is still well below the 966,000 unit rate from January, but it represents the second consecutive monthly gain for that category.