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...
Single-Family Homes
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...
In late 2025, investors purchased over 32% of single-family homes, marking the third consecutive quarter above 30%, despite a 4.5% drop in total investor purchases from 2024. Smaller landlords with 1-5 properties held nearly 92% of investor-owned homes, while large investors with 1,000+ homes were net sellers for the eighth quarter. Investor ownership was highest in tourism-heavy states and parts of the...