Housing starts drop to lowest level since pandemic

New Home Construction Sinks to Lowest Point Since Pandemic

The last time there was anything like a true buyer’s market in the United States, Barack Obama was still president. However, the momentum is clearly shifting toward buyers.  On Wednesday, fresh data from the US Census Bureau showed that new housing starts declined 9.8% in May, falling below consensus expectations and slowing to the lowest levels since … May 2020, when the world was briefly frozen in anxious pandemic amber. It may well be another…

Graphic Truth: Housing construction in the US and Canada

Housing shortages in the US and Canada have become a significant problem – and a contentious political issue – in recent years. New data on housing construction this week suggest neither country is making enough progress to solve the shortfalls. Here’s a snapshot of the situation on both sides of the border.

U.S. Housing Starts Pull Back Sharply In May

The Commerce Department released a report on Wednesday showing a steep drop by new residential construction in the U.S. in the month of May. The report said housing starts plunged by 9.

Housing Starts Weaken Amid Gloomy Builder Sentiment

Housing starts plummet to 5-year low. That could be a good thing for home buyers.

The numbers: Construction of new homes fell 9.8% in May, as builders pulled back amid waning demand from home buyers.

New Home Construction Falls to Five-Year Low

New US residential construction declined in May to the slowest pace since the onset of the pandemic as an elevated inventory of homes for sale and high mortgage rates sapped the motivation to build.