Housing starts took another dive in November, falling another 3.7 percent from the revised October estimate of 1,232,000 starts. Even worse, the seasonally adjusted annual November rate of 1,187,000 starts is 24.2 percent below the 1,565,000 annualized rate of residential construction initiated in November...
Housing starts in August hit the lowest level on an annualized basis since July 1995. The U.S. Census Bureau and the U.S. Department of Housing and Urban Development released a joint report on Wednesday showing that privately owned housing starts in August were at a seasonally adjusted annual rate of...
Two measures of the housing market were released this week and each shows that, at best, builders are remaining cautious; at worst they are showing a bit of despair. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) for June reported that builders' confidence in...
Right on the heels of the National Association of Realtors rather glum report on the sale of existing houses during the fourth quarter of 2006 the U.S. Census Bureau and the U.S. Department of Housing and Urban Development released their monthly joint report on housing starts and housing permits for...