Tag Archives: Housing Starts

As the nation continues to struggle to keep up with housing demand, more Americans are deciding to ride out the storm and not give into exorbitant prices on limited inventory.

Despite the rising cost of building materials and poor February weather, housing starts took off in March reaching new 15-year highs.

February saw a down market in terms of housing starts, but at an average of 1.42 million, remained considerably above the pre-COVID average.

One economist described 2020 as "the strongest [year] for residential construction since 2006.” Click through to read about the latest housing market data.

Also in The Week Ahead are reports on existing home sales, and Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell will update Congress on the CARES Act.

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 past decade witnessed the lowest number of housing starts over the past 50 years. Click through to read more.