Housing Starts Are at a Seven-Month Low

Printer-friendly version
November 19, 2015

This past October, U.S. housing starts fell to a seven-month low, and according to Reuters, a steep decline in multifamily construction weighed down the total number of starts.

A surge in building permits, however, suggests that the housing market is still on solid ground.

"Overall, fundamentals for the sector remain solid. Household formation is rising, demand for new homes is outstripping supply, and home builder confidence remains near its highest level in a decade," Michelle Girard, chief economist at RBS in Stamford, Connecticut, told Reuters.

Read more

Comments on: "Housing Starts Are at a Seven-Month Low"

July 2017

This Month in Professional Builder

Products
Features

Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init