Apologies to Paul Simon, but when I looked at the long list of design ideas I compiled while at the International Builders’ Show in Orlando, I thought I’d try to mention 50 of them—a nice round num
Housing Starts Fell More Than Expected In August
After two months of increases, groundbreaking decreased nearly six percent to a seasonally adjusted annual pace of 1.14 million units, according to data from the Commerce Department.
Reuters reports that even despite the dip, a rebound in permits for single-family houses still indicates a demand for housing. Permits for single-family homes rose 3.7 percent to a 737,000-unit pace.
Demand for housing is being driven by a tightening labor market, which is lifting wages. A survey of homebuilders published on Monday showed confidence hitting an 11-month high in September, with builders bullish about current sales now and over the next six months, as well as prospective buyer traffic.