HousingStarts

US Housing Starts Drop to Four-Month Low Amid Multifamily Decline

6 days ago

In a recent development that may stir concerns in the housing market, U.S. housing starts have decreased to their lowest levels in four months, according to the latest data released by the Commerce Department. The significant downturn is primarily attributed to a slump in multifamily home construction, raising alarms about the broader implications for the housing sector as 2024 approaches.

U.S. Housing Starts Decline by 3.1% Amidst Hurricane Havoc in Southern States

1 month ago

In a troubling trend for the U.S. housing market, housing starts have dipped by 3.1% in October, largely attributed to severe hurricanes that affected construction activities in the southern region of the country. The latest data from the U.S. Commerce Department revealed that the annualized pace of housing starts fell to a seasonally adjusted rate of 1.43 million units, signaling ongoing challenges in the construction sector.

U.S. Housing Starts Show Decline as Multifamily Construction Faces Slowdown

2 months ago

In a recent report, data revealed that U.S. housing starts experienced a notable decline, primarily caused by a significant reduction in multifamily construction projects. This downturn indicates a shift in the housing market, with implications for builders, homebuyers, and the overall economy.