housing market

Housing Production Makes Healthy Gains to Start New Year

Housing Production Makes Healthy Gains to Start New Year

A surge in multifamily production pushed overall housing starts up 9.7% in January to a seasonally adjusted annual rate of 1.33 million units after an upwardly revised December reading, according to newly released data from HUD and the Commerce Department.

Builder Confidence Stays Strong in February

Builder Confidence Stays Strong in February

Builder confidence in the market for newly built single-family homes remained unchanged at a healthy 72 level in February on the NAHB/Wells Fargo Housing Market Index (HMI).