Wednesday, May 15, 2024 | The Latest Buzz for the Appraisal Industry

Housing Starts Fell Flat in October as Builders Faced Supply Side Headwinds

Housing starts were at an annual rate of 1.52 million in October, down 0.7% compared with September but up 0.4% compared with October 2020, according to estimates from the U.S. Census Bureau and U.S. Department of Housing and Urban Development.

Supply chain constraints, materials shortages, and a tight labor market were factors slowing overall production.

Starts of detached single family homes were at an annual rate of 1.039 million, a decrease of 3.9% compared

This post was originally published on this site

Karen Connolly

Going to Extremes

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