Articles
Housing starts sharply rise in October 2017
Nationwide housing starts rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million units after a slight upward revision to the September reading, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest housing production reading since October 2016, when total starts hit a post-recession high of 1.33 million. Read More
Builder confidence hits high in November 2017
Builder confidence in the market for newly-built single-family homes rose two points to a level of 70 in Nov. on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). This was the highest report since March, and the second highest on record since July 2005, the company said. Read More
Slowing sales reflect sluggish housing market in Q3
U.S. manufacturer floor coverings sales are slowing in the second half of 2016 after increasing at relatively strong rates in the first half. The slowdown reflects weakening gains in builder purchases as housing starts level off. Residential replacement sales also remain sluggish despite increases in personal income. Read More