Stats: Housing starts down 14.8% in January

The Census Bureau reported that privately owned housing starts in January were at a seasonally adjusted annual rate of 1,331,000.
Privately owned housing starts in January were at a seasonally adjusted annual rate of 1,331,000, 14.8% below the revised December estimate.

The Census Bureau, Washington, D.C., reported that privately owned housing starts in January were at a seasonally adjusted annual rate of 1,331,000, 14.8% below the revised December estimate. 

Permits were also up 1.5% in January.  

“Moderating mortgage interest rates in 2024 will ultimately lead to gains for single-family home building this year,” says Alicia Huey, chairman of the National Association of Home Builders and a custom home builder and developer from Birmingham, Alabama. “However, tighter lending conditions and higher costs for construction and development loans are holding back some construction at the start of the year.” 

In This Category

Spring-irrigation-system-startup-tips-for-contractors-and-homeowners
Even if you have done all you can it never hurts to get a second opinion by hiring a certified contractor to go over your irrigation system.
Feb-Housing-Starts
Permits were also up 1.9% in February.  
Stuttgart, Germany - 09-21-2023: Person holding smartphone with
Other sectors such as leisure, hospitality, and other services, also showed positive trends, contributing to the overall employment growth.

Share on social media: