Homebuilder confidence declined for the fifth consecutive month, as the cost of building materials were up by more than 19% year-over-year.
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Gain in March Housing Starts Driven by Uptick in Construction
Led by a double-digit gain in multifamily activity, housing permits rose 0.4% from February, and were 6.7% higher year-over-year.
Read More »Homebuilders Maintain Positive Outlook
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.
Read More »Will Construction Activity Encourage Homeownership?
An increase in building permits could potentially spark interest among potential homebuyers.
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