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Single-Family Housing Construction Sags in 2023, But Better Times are on the Horizon

Feb. 22, 2024
Last year was not the best of times for U.S. single-family building permits because high mortgage rates scared away potential homebuyers. At the national level, in 2023 single...
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Sunbelt Housing Markets Continue to Dominate Single-Family Building Permits

Nov. 30, 2023
While permit activity is down year-over-year, some markets continue to shine.
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Rapid Population Growth Sparks Electrical Sales Potential in 25 Fast-Growing Markets

Oct. 5, 2023
These 25 metros look like good bets for solid growth in 2024.
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Housing Starts Slammed by -26.3% Monthly Decline in Multi-Family Starts

Sept. 22, 2023
Housing starts get hit hard in August but a rise in single-family building permits shows some reason for optimism
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Construction Market Still Sagging, But NAHB Says Relief May be in Sight

Sept. 8, 2023
Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced...
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July Housing Starts Show Positive Growth, Edge Up +5.9% to 1.45 Million Starts

Aug. 25, 2023
Housing starts outpaced permits in July with a +6.7% increase in single-family starts.
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Housing Starts Decline in June But Single-Family Permits Show Some Growth

Aug. 11, 2023
Housing starts in June hit 1,434,000, -8% below the revised May estimate of 1,559,000 and -8.1% below the June 2022 rate of 1,561,000. According to the U.S. Census Bureau, single...
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Miami, Nashville & Phoenix Metros Lead Nation in Multi-Family Construction

July 6, 2023
With stubbornly high mortgage rates tamping down demand, in recent months the number of building permits for apartments or condos with five units or more have slipped. The preliminary...
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Single-Family Housing Starts See Double-Digit Increase in May to 997,000

June 22, 2023
According to the latest U.S. Census Bureau data, single‐family housing starts in May were at a rate of 997,000, +18.5% above the revised April 2023 figure of 841,000. “The May...
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Single-Family Starts Up +2.7% Over February

April 19, 2023
Housing starts in March were at a seasonally adjusted annual rate of 1,420,000, -0.8% below the revised February estimate of 1,432,000 and -17.2% below the March 2022 rate of ...
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Handful of Metropolitan Areas Will See Bulk of Residential Building in 2023

March 8, 2023
Building permit activity for 2022 was quite consolidated, with the majority of the activity in the Sunbelt or Intermountain states. The 10 largest markets (see chart on page 3...
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Commercial and Multi-Family Construction Markets Make Solid Gains in 2022

Feb. 23, 2023
You will find a few surprises in this year's Top 10 markets.
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Housing Market’s Slump Will Continue in 2023, But Some Local Markets Still Shine

Nov. 1, 2022
While the timing and severity of any upcoming recession is uncertain, there’s little doubt that the U.S. housing market’s woes will continue into the near future. While that’s...