The Commerce Department said housing starts plunged by 11.4 percent to an annual rate of 1.324 million in March after surging by 9.8 percent to a revised rate of 1.494 million in February.

Permits for future construction of single-family housing fell 2.0% to a rate of 978,000 units in March. Starts for housing projects with five units or more were unchanged at a rate of 371,000 units.

The drop in new home construction in April comes at a time when home affordability is near generational lows amid persistently elevated mortgage rates and a shortage of homes for sale. A prolonged ...

The U.S. economy continues to send mixed signals as we navigate through May 2025. Last week's Consumer Price Index (CPI) for ...

A chill has fallen over the US housing market. The typical American ... The typical US home went under contract in March after 47 days on the market, according to Redfin. By comparison, homes ...

especially with China US retail sales, UK and Japanese GDP on the agenda too Will... How Housing Starts Forecasts Got Stuck in a Decade of Pessimism By Kevin Erdmann - May 05, 2025 I think the ...

The Commerce Department said housing starts plunged by 11.4 percent to an annual rate of 1.324 million in March after surging by 9.8 percent to a revised rate of 1.494 million in February.