roomvu logoPricingFree Trial

New-home construction picks up in February

Location
Seattle, Portland, San Francisco
Publish Date
2022/04/18

Single-family housing starts ↑ 5.7% from January’s revised estimate to 1,215M, while multifamily starts ↑ 0.8% to 501K.Altogether, the combined construction pace of single-family homes and buildings with five or more units ↑ 6.8% MoM, at 1,769M units. While builders are continuing to push to meet demand, supply-side headwinds slow the home-building momentum. Permits, a leading indicator of future starts, is down modestly MoM as builders grow concerned about affordability challenges ahead, as rates continue to rise. But record low existing-home inventory and millennial demand is supportive of new construction.

Archived

Sign up

Los Angeles, San Diego, Central Coast, New York, New Jersey, North Carolina, Colorado, Miami, Tampa, Orlando, Charlotte, Raleigh, USA, California, Sacramento, Texas, Austin, Houston, Dallas, San Antonio, Illinois, Chicago, Atlanta, Florida, Nevada, Washington D.C., Minnesota, Minneapolis, Ohio, Pennsylvania, Arizona, Philadelphia, Maryland, Massachusetts, Connecticut, Indiana, South Carolina, Virginia, Georgia