Housing starts fell 2.8% in April after a 12% rise in March, keeping activity near recent highs. The combined March-April performance was the best two-month stretch since late 2023. The housing sector has been weak since 2022 due to tighter monetary policy, with residential construction subtracting from GDP growth in most recent quarters. Multi-family activity shows some improvement, but single-family construction remains subdued.
Mid-sized metros are adding luxury depth as seven-figure listings expand beyond traditional coastal anchors in NY and California nationwide for high-end buyers. Entry-level luxury nationally
Housing starts fell 2.8% in April after a 12% rise in March, keeping activity near recent highs. The combined March-April performance was the best two-month
Across 50 major metros, median listed rents ↓~2% yearly in Early-Q2, marking 33 consecutive mo of yearly rent easing for renters watching budgets. A construction
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