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Forecast for mortgage rates and types. ... Southern markets scored big in Bankrate’s 2023 Housing Heat Index as well. ... with the number of new housing starts decreasing. ...
Overall housing starts dropped 1.8% to a rate of 1.289 million units. Economists polled by Reuters had forecast housing starts would increase to a rate of 1.343 million units. Starts dropped 14.6% ...
Overall housing starts dropped 3.1% to a rate of 1.311 million units. Economists polled by Reuters had forecast housing starts would drop to a rate of 1.330 million units. ... Though new housing ...
The bank expects housing starts to decline by 4% in 2024 because of fewer multifamily starts, totaling less than 350,000, which would be the lowest level of multifamily starts since 2013.
Key housing market stats The median home-sale price in the U.S. as of October 2024 was $407,200, according to NAR. That’s a year-over-year increase of 4.0 percent and the highest October median ...
Housing starts is an economic indicator that reflects the number of privately owned new houses (technically housing units) on which construction has been started in a given period. These data are divided into three types: single-family houses , townhouses or small condos , and apartment buildings with five or more units.
And housing starts have still not recovered from the bursting of the housing bubble in the mid-2000s. Divide between haves and have-nots The forecast for a “stuck” housing market cuts both ways.
U.S. single-family homebuilding rebounded in September, boosted by demand for new construction amid an acute housing shortage, but the highest mortgage rates in nearly 23 years could slow momentum ...