Articles

Home prices made a 19.2% annual gain in January, up form 18.95 in the pervious month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions. Read More

Despite production bottlenecks and rising construction costs, total housing starts led by a strong multifamily reading posted a solid gain in February as demand stays strong and existing inventory remains at low levels. Read More

Consumer sentiment declined 5.4% to 59.4, according to final results from the University of Michigan Survey of Consumers. Read More

Higher mortgage rates and construction costs pushed new home sales lower in February even as demand remains solid due to a lack of existing home inventory. Read More

The American Institute of Architects’ (AIA) Architecture Billings Index (ABI) score for February was 51.3, up from a score of 51.0 in January. Any score above 50 indicates an increase in billings. Read More

Federal Reserve Chairman Jerome Powell said the central bank was prepared to raise interest rates in half-percentage-point steps and high enough to deliberately slow the economy if it concluded such steps were warranted to bring down inflation, reports the Wall Street Journal. Read More

Total construction starts rose 9% in February to a seasonally adjusted annual rate of $1.013 trillion, according to Dodge Construction Network. Nonresidential building starts swelled 32% due to the start of three large manufacturing facilities. By contrast, residential starts fell 3%, and nonbuilding starts fell by less than 1%. Without the three large manufacturing projects, total construction would have declined 6% in February. Read More

Despite production bottlenecks and rising construction costs, total housing starts led by a strong multifamily reading posted a solid gain in February as demand stays strong and existing inventory remains at low levels. Read More

Ceramic was propelled by the residential market last year, but it still faces challenges. Read More

Privately‐owned housing starts in February were at a seasonally adjusted annual rate of 1,769,000, 6.8% above the revised January estimate of 1,657,000 and 22.3% above the February 2021 rate of 1,447,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced. Read More