Tag Archives: Housing Completions

Homebuilder confidence declined for the fifth consecutive month, as the cost of building materials were up by more than 19% year-over-year.

Led by a double-digit gain in multifamily activity, housing permits rose 0.4% from February, and were 6.7% higher year-over-year.

Despite lingering supply issues, housing permits increased to an annual pace of 1.65 million in October, a positive sign for home builders to close out the year.

An increase in building permits could potentially spark interest among potential homebuyers.