Construction starts rise in Feb, but home builder confidence sags

The number of new housing starts increased last month thanks to growth in the multifamily sector. However, builder confidence continued to decline due to the rising costs of building materials, it was revealed last week. The Department of Housing and Urban Development and the Census Bureau said last week that February housing starts, including both

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New home building takes a hit on rising lumber costs

New home construction fell in February as the rising costs of building materials, especially lumber, weighed on builders. Data from the U.S. Department of Housing and Urban Development and Census Bureau published Wednesday shows that single-family and multifamily housing starts fell by 10.3% to a seasonally adjusted rate of 1.42 million units that month. Single-family

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Rising new home starts still can’t meet demand, experts say

New home building starts were up more than 8% at the start of October compared to one year ago, but the increase is still not enough to meet demand, according to Lawrence Yun, chief economist of the National Association of Realtors. Yun noted that housing starts in September were at a 1.42 million unit production

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New home starts fall for 3rd successive month

New construction of single-family homes saw an uptick, but a decline in multifamily production for apartments and condos meant an overall decrease of 4% in housing starts last month, according to new data from the Commerce Department. Single-family home starts rose 1.3% to 876,000 units in July, with the largest increase seen in the South.

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New home construction is up, but economists say it’s not enough

There was a slight uptick in new home starts last month, but experts say the increase is still not nearly close enough to keep up with demand or help to keep a lid on growing house prices. According to the Commerce Department’s latest report out last week, total housing starts for single-family and multifamily homes

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New home starts falter, highlighting inventory shortages again

Housing starts nationwide were more or less flat in the last month, at a seasonally adjusted rate of 1.16 million for the month

Housing Starts Reach Highest Level Since 2008

According to a recent article in Realtor Mag, figures from the Commerce Department show housing starts for single family homes reached their highest levels for more than six and a half years at the end of last year.  This shows the housing market is continuing to recover, particularly as experts regard construction as being an

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