Digging for Dirt
Expect Starts of 1.3 Million in 2020, as Conditions Remain Conducive to Growth
Despite a slow start in 2019, building has picked up during the second half of the year, and we think the momentum will continue in 2020. Contractors are […]
Wells Fargo Securities Economics Group 2020 Annual Economic Outlook
The current economic upswing in the United States, which has been in place since July 2009, is the longest continuous expansion since at least the mid-1850s. Although there is a popular perception […]
Housing starts rose 3.3 percent in November to a 1.297 million-unit pace after a downwardly revised 1.256 million-unit pace in October. Strength in the West and South pushed single-family starts to a decade high.
Residential Building Up in the South […]
Housing starts fell 4.8 percent to a 1.16 million-unit pace in July. Weakness was largely concentrated in multifamily, which fell 15.3 percent, while single-family slipped 0.5 percent. Permits fell 4.1 percent.
Single-Family Starts Better Than Monthly Print Implies
At first glance, today’s […]
Housing starts fell 5.5 percent in May, with both single-family and multifamily starts declining. Permits also fell, suggesting that starts are likely to languish near their current levels for another few months.
Explaining Away Weakness Is Getting Old
Housing starts once […]