housing starts
Items include
Economic Indicators
Feb 16, 2023
Bottom Line: Housing starts fell slightly less more expected in January, and December data was revised lower. Multi-family starts, which had remained surprisingly robust, fell for the second straight month and were heading modestly lower on a trend basis. Single-family...
Jan 19, 2023
Bottom Line: Housing starts fell slightly less than expected in December, but November data was revised lower. Single-family starts rose to a four-month high, while multi-family, which had remained surprisingly robust, fell sharply. However, some of the gains in single-family...
Nov 17, 2022
Bottom Line: Housing starts fell less than expected in October. But despite upward revisions to previously reported data, starts remained firmly in a downtrend. Single-family starts hit new post-pandemic lows. Single-family permits authorized but not yet started remained very high...
Oct 19, 2022
Bottom Line: Housing starts fell more than expected in September, resuming the downtrend after a modest rebound in August. Single-family starts fell below 900k annualized units for the first time since the pandemic, hitting levels seen when activity slowed in...
Sep 20, 2022
Bottom Line: Housing starts rose more than expected in August, but there were negative revisions to previously reported months, and permits slipped further. Moreover, the August rebound was driven by multi-family, which has remained volatile but more resilient than single-family...
Aug 16, 2022
Bottom Line: Housing starts fell slightly more than expected in July, as both single- and multi-family activity slowed. There were slight upward revisions to June data, but not nearly enough to offset the downside surprise in July. Single-family starts continued...
Jul 19, 2022
Bottom Line: Housing starts fell slightly more than expected in June, but there were positive revisions to May data. Single-family starts declined sharply and were trending towards levels seen before the pandemic and after the tax changes in 2018. Multi-family...
Jun 21, 2022
Bottom Line: Existing home sales fell in May, as expected, dropping nearly 200k annualized units, continuing a trend amid sharply higher mortgage rates. While historically still low, inventories rose again and stood at 2.6 months of sales, up from 1.6...
Jun 16, 2022
Bottom Line: Housing starts fell even more than expected in May as mortgage rates rose sharply. While there were upward revisions, this report showed a sudden slowdown in activity as builders appear to have finally reacted to higher mortgage rates....
May 18, 2022
Bottom Line: Housing starts fell only slightly in April, even as mortgage rates continued to rise. That said, single-family housing starts fell more than the headline suggested as multi-family starts rose for the second month in a row, hitting new...