US EditionNew Home Construction Rebounds in July but Future Plans Stall
7 Articles
7 Articles
U.S. Housing Construction Soars in July Even as Future Permits Stall
The U.S. Census Bureau and HUD report that housing starts climbed 5.2 percent in July, reaching 1.428 million units, the strongest pace in five months. This surge traces mainly to a sharp 11.6 percent increase in multi-family construction, which hit its highest level since May 2023. Single-family starts rose 2.8 percent, to 939,000 units, marking […]
New home construction rebounds in July but future plans stall
Read time approx.: 1 minutes, 26 secondsThe recent signs of relaxation of the labor market have strongly convinced investors that the Fed will cut rates by 25 base points when it meets in mid-September, an expectation that has helped lower mortgage rates in recent weeks. The construction of new single-family homes in the United States and permits for future constructions increased in July, despite the fact that high mortgage rates and economic u…
The start of construction of new single-family residences in the United States and licences for future constructions increased in July, including high mortgage rates and economic uncertainty by making it difficult to buy dwellings. The beginning of single-family housing constructions, which represent most of the house construction, increased by 2.8% last month, reaching an annual adjusted rate of 939 000 units, reported the Census Bureau of the …
Single-Family Starts Edge Higher but Affordability Challenges Persist
Single-family housing starts posted a modest gain in July as builders continue to contend with challenging housing affordability conditions and a host of supply-side headwinds, including labor shortages, elevated construction costs and inefficient regulatory costs. Led by solid multifamily production, overall housing starts increased 5.2% in July to a seasonally adjusted annual rate of 1.43...
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