Tag Archives: Housing Permits

Over the last decade, an average of 2,971 single-family homes were completed every day compared to the 3,513 permits issued daily.

“Single-family housing permits, a leading indicator of future starts, also increased 7.6% compared with the previous month. The uptick in single-family housing permits and starts aligns with the recent increase in homebuilder sentiment,” said First American Deputy Chief Economist Odeta Kushi.

Mortgage rates have soared to levels last seen prior to the pandemic, as high inflation and strong consumer spending contributed to this upward rate drive.

A new report says more 35 states have recorded year-over-year growth with the highest occurring in South. Click through to read more.

While an economist calls the report “upbeat,” the year-over-year gains are “in our rearview mirror.”

Click through to read more on January’s data and what leading insiders had to say about what this means for the market in 2020.

Also on The Week Ahead, are reports on existing home sales across the nation and what the National Association of Homebuilders/Wells Fargo Homebuilders Index found.

While housing authorizations rose more than 40% year-over-year, home sale prices recorded the largest increase since 2018.

The May Residential Housing Report from the Census Bureau contained both good and bad news, but one bright spot could cause issues moving forward.

Economists speculate about what the latest construction data means for the market moving forward.