Yesterday, the Census Bureau released its Residential Construction report for November. Housing completions decreased 3.9 percent compared with last November and continue to fall short of the number of new housing units necessary to keep pace with household formation. Housing starts also decreased 3.6 percent in November compared with a year...
Yesterday’s Census Bureau report for October indicated that we are falling short of adding homes to the market in the short-term, as completions decreased 6.5 percent compared with October of last year.
Topics: Housing, housing starts, homeownership, Insider
Wednesday’s Census Bureau report on new residential construction data for September sends a mixed message to the housing market. Current home buyers received a lift as completions jumped 7.0 percent compared to September of last year, which is additional new net supply added to the housing stock. The continued year-over-year growth in...
Topics: housing starts, Housing, homeownership, Insider
Yesterday’s Census Bureau report for August is an indication of strength for the housing market. While the number of permits issued, which can signal how much construction is in the pipeline, decreased by 5.5 percent, home building rose in August as housing starts increased 9.4 percent compared with a year ago. The growth in housing starts is...
Topics: housing starts, Housing, homeownership, Insider
First American Chief Economist Mark Fleming was interviewed on CNBC earlier today as well as last Friday, August 17 and discussed how rising mortgage rates, house price appreciation, millennial demand and a lack of new homes may be squeezing affordability.
Topics: housing starts, In The News, Interest Rates, Millennials, New Home Buying, Affordability
The short answer is yes. Home buyers looking for more housing supply to choose from can take heart, as Thursday’s Census Bureau report on housing construction showed builders are starting work on additional housing, inching closer to balancing inventory with demand.
Topics: Housing, homeownership, housing starts, Insider
