March 20, 2012

Commerce Department data released Tuesday morning show February housing starts were at a seasonally adjusted annual rate of 698,000.

There’s good news and bad news in Tuesday’s data.

February starts declined 1.1% compared with the upwardly revised January figure. And single-family starts declined 9.9% to a rate of 457,000. The total-starts figure fell below expectations, as analysts expected about 710,000. 

January 19, 2012

Thursday's housing reports produced a variety of negative headlines. For instance: "U.S. Home Construction has worst year ever," wrote the Canadian Broadcasting Corporation; and "December ends third poor year for home building," wrote the Chicago Sun-Times.

January 19, 2012

According to the Commerce Department's tally, December's total housing starts were down from November, but single-family starts were at the highest rate in 21 months.

December housing starts were at a seasonally adjusted annual rate of 657,000, down 4.1% from the November pace of 685,000. But compared with last year, total starts are up 24.9%.

December 20, 2011

Analysts were expecting a boost in November's residential construction data, but not this much of a boost.

The Commerce Department's residential construction report released Tuesday morning showed housing starts at a seasonally adjusted annual rate of 685,000 -- that's 9.3% higher than the revised October estimate of 627,000 (revised from a previously released figure of 628,000). It's also the highest level of starts since April 2010. 

Compared with last year's near-record low, total housing starts were up 24.3%.

November 17, 2011

Close followers of the Commerce Department's monthly residential construction data have been wondering all month if September's strong showing in housing starts could sustain itself.

The answer was delivered this morning by the latest data, sort of. Housing starts officially slipped 0.3% to a seasonally adjusted annual rate of 628,000. 

October 19, 2011

September housing starts showed double-digit increases compared with both last year and last month, according to data released this morning by the U.S. Department of Commerce.

Housing starts came in at a seasonally adjusted annual rate of 658,000, up 15% from the August rate of 572,000, and up 10.2% compared with September 2010.

The figure of 658,000 was the highest total housing-starts figure since April 2010, when starts stood at 687,000.

September 20, 2011

The latest tally from the U.S. Department of Commerce showed housing starts in August at a seasonally adjusted annual rate of 571,000.

The disappointing August rate -- analysts were expecting a pace of about 590,000 -- was 5% below July's downwardly revised figure, and 5.8% below the August 2010 rate of 606,000.

August 16, 2011

Compared with June's housing start report, there is less to cheer about in the Tuesday morning release from the Department of Commerce and U.S. Census Bureau.

The seasonally adjusted annual rate of housing starts slipped to 604,000 in July. But that's still up 9.8% from the July 2010 rate of 550,000. Another possible positive indicator: June and July marked the first two-month stretch of a pace higher than 600,000 since March and April of 2010.

July 19, 2011

Monthly housing starts for June rose above the 600,000 mark for the first time since January, according to data released today by the Commerce Department.

Housing starts increased to a seasonally adjusted annual rate of 629,000 in June, up 14.6% from the revised May estimate of 549,000. Single-family starts also showed a big improvement -- up 9.4% to a rate of 453,000.

The 629,000 annual rate came in much higher than anticipated by most forecasts, which had called for a rate of about 570,000.

July 19, 2011

Nationwide housing starts rose 14.6% to a seasonally adjusted annual rate of 629,000 units in June, according to the latest residential construction report from the U.S. Commerce Department. This was the highest pace of housing production since the beginning of the year, and was attributable to significant gains registered in both the single-family and multi-family segments, as well as every region of the country.

July 18, 2011

All eyes are on the residential construction report for June, to be released by the Commerce Department Tuesday, July 19. 

Analysts are expecting starts to come in at a seasonally adjusted annual rate of about 570,000. If correct, that would be a 1.8% increase over housing starts for May. Starts have been under the 600,000 mark since January, when they were at a pace of 636,000.

June 16, 2011

With seemingly nowhere to go but up, housing starts in May increased 3.5% from the upwardly revised April figure to a seasonally adjusted annual rate of 560,000. Single-family starts increased 3.7% to a rate of 419,000.

The figures had easy comparisons from a month ago, when the Commerce Department's New Residential Construction report posted depressing numbers. While the month-to-month gains are a welcome sign for the industry, year-over-year statistics are negative -- total starts were down 3.4%, and single-family starts were down 8.9%.

May 17, 2011

Data released by the Commerce Department this morning showed housing starts at a seasonally adjusted annual rate of 523,000 -- down 10.6% compared with the upwardly revised March figure of 574,000.

Single-family starts were at a rate of 394,000, down 5.1% from the revised March figure of 415,000.

Compared with the same month last year, total housing starts fell 23.9%, while single-family starts plunged 30%.

April 19, 2011

The Department of Commerce's residential construction report released today shows both total starts and single-family starts for March are up over February, but way down compared with March 2010.

March housing starts were at a seasonally adjusted annual rate of 549,000, up 7.2% from February, but down 13.4% from the same month last year.

Single-family starts were reported at a pace of 422,000, up 7.7% compared with February, but down 21.1% compared with March 2010.

March 16, 2011

Inexplicably, housing starts took a dive in February, according to data released Wednesday by the Department of Commerce.

Privately owned housing starts in February were at a seasonally adjusted annual rate of 479,000; that's 22.5% below the upwardly revised January estimate of 618,000. It's also 20.8% below the February 2010 rate of 605,000.

February 16, 2011

Residential construction showed a rebound in January as housing starts improved to a pace of 596,000 -- a 14.6% increase over the downwardly revised December pace of 520,000.

Compared with a year ago, total starts are down 2.6%, according to the Department of Commerce residential construction report released Wednesday.

Still, single-family starts showed a 1.0% decline to a seasonally adjusted annual rate of 413,000.

The single-family pace is the lowest since May 2009.

January 19, 2011

If housing starts are going to gain 20% in 2011 as recently predicted, they're going to have to pick up the pace.

December 16, 2010

After a disturbingly disappointing residential construction tally for October, the Department of Commerce's housing start report for November saw an uptick in activity, but not nearly enough to celebrate.

November 16, 2010

Very little good news emerged today from the residential construction report. October housing starts came...

October 18, 2010

The annual rate of housing starts in September was back over the 600,000-level and at...

October 18, 2010

"Builders are cautiously responding to the small improvement they are seeing in interest among potential...

September 20, 2010

According to data released Tuesday by the U.S. Department of Commerce, the seasonally adjusted annual...

September 19, 2010

The Commerce Department will release its data for August housing starts and building permits Tuesday...

September 16, 2008

Single-family housing starts dipped to 630,000 annual units in August, almost 2 percent below the...