Housing starts dropped 2.8% in April after a 12% rise in March, maintaining near recent highs. Multi-family activity improved, but single-family construction stayed weak amid ongoing impacts from tighter monetary policy....
Housing Starts
New single-family home construction fell 9% in April to a 930,000 annual rate, down 2.4% from last year, while total housing starts rose due to an 11.5% increase in multifamily units. Single-family permits dropped 2.6%. Builders face inflation, rising labor costs, and declining home prices, leading to tighter margins and cautious market behavior. The Midwest shows more stability, but overall...
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...
US single-family housing starts rose 9.7% in March to about 1.03 million units, the highest since February 2025, while overall residential starts increased 10.8% to 1.5 million units. However, single-family permits fell 3.8% and overall permits dropped 10.8%, signaling caution ahead. Rising costs from tariffs, conflict-related fuel price increases, and higher mortgage rates have pressured builder...