The US housing market is short 7.2 million homes, according to Realtor.com’s latest housing market analysis. Nearly 18 million households have been formed over the past decade; however, only 10 million single-family homes were constructed during the same time period.
Category: housing starts
Housing starts increased in October as builder sentiment fell
Housing starts rose 1.9 percent from September to reach a seasonally adjusted annual rate of 1,372,000.
Housing starts see biggest increase since 2016
Housing starts were at a seasonally adjusted rate of 1,631,000 for May — a 21.7 percent jump from April and 5.7 percent higher than the levels recorded in May 2022, according to U.S. Census Bureau data.
Single-family housing starts leap 11% as permits and completions fall
Overall housing starts clocked in at a seasonally adjusted annual rate of 1,382,000, 1.4 percent below levels recorded in November, according to new data released Thursday by the U.S. Census Bureau.