Posts Tagged home building

Total Housing Starts Down as Multifamily Segment Falls

home builder on frame of house

A drop in multifamily housing starts shrunk overall housing starts 7.0 percent in February, bringing the total to a seasonally adjusted annual rate of 1.24 million units, according to recently released data from the U.S. Department of Housing and Urban Development (HUD) and the Commerce Department. According to a March 16 press release from the National Association of Home Builders (NAHB), multifamily home production dropped 26.1 percent to a seasonally adjusted annual rate of 334,000 units. This comes after exceptionally high figures in January. Meanwhile, the report reveals single-family starts posted a 2.9 percent gain to 902,000 units.

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Builder Confidence Holds Steady in March

new home under construction

Builder confidence in the new, single-family home construction market slipped just one point to a level of 70 in March, according to the latest data from the National Association of Home Builders (NAHB). Despite the small decline in the March NAHB/Wells Fargo Housing Market Index (HMI), the data reflects continued strength in builder confidence for the new homes market across the nation. 

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Home builder confidence remains strong into the new year

Framing a House

Builder confidence for new, single-family homes fell slightly as 2018 began, but overall remains strong. The National Association of Home Builders (NAHB) recently released the results of their monthly joint report with Wells Fargo, which support the continuing strength of the market for new homes. The NAHB/Wells Fargo Housing Market Index (HMI) dropped 2 points in January to 72 after reaching an 18-year high in December 2017. 

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