Housing starts tumbled 8.8 percent in March to a 1.09 million-unit rate, led by a 9.2 percent decline in single- family starts. Building permits also slipped on the month and are now running in line with the pace of starts.
Homebuilding […]
Tag: housing starts
Wells Fargo Reports: Housing Starts Bounce Back in September
Housing starts rose 6.3 percent in September, pulling the annual pace of new home construction back above the 1 million mark. Permits also increased during the month and are now running roughly even with starts. Housing Construction Remains on the […]
Wells Fargo Reports: Housing Starts Plunge in August, but Weakness Expected
Housing starts plummeted 14.4 percent in August, following an upward revision to the previous month’s data.
The volatile multifamily component fell a whopping 31.7 percent, while single-family was down 2.4 percent.
Starts Drop in August
Housing starts came in much weaker than […]
Wells Fargo Reports: Housing Starts Hit an Air Pocket Somewhere in the South
Housing starts plunged 9.3 percent in June, following a downward revision to the previous month’s data. June’s drop was primarily concentrated in the South where overall starts plummeted 29.6 percent.
Housing starts came in much weaker than our below-consensus forecast, and […]
Wells Fargo Reports: Housing Starts Rose Less Than Expected in July
Housing starts rose 5.9 percent in July to an 896,000-unit pace, with all of the gain coming from multifamily units. Single-family starts fell 2.2 percent and were likely held back by rainy weather in the South.
By Mark Vitner, Senior Economist
Anika […]