Keeping you up to date on the latest data releases.
- Housing Starts
Single-family housing starts declined a slight 0.9 percent in March resulting entirely from a large 33.7 percent drop in the Midwest, as all other regions gained over the month. The pace of housing starts in January and February was revised upward, boosting their respective month-over-month increases to 5.4 percent and 5.7 percent, respectively. The current annual sales pace in March sits at 531,000 single-family units, up nearly 49 percent from the series’ record low last February of 357,000 units. But in recent months the sales pace has trended relatively flat and remains depressed by any standard over the past five decades since the Census Bureau began keeping track. Total housing starts, on the other hand, rose for a third consecutive month in March, due to an 18.8 percent gain in the more volatile multi-family starts series.