Keeping you up to date on the latest data releases.
- Housing Starts
The groundbreaking of single-family homes fell 4.8 percent in March to a seasonally-adjusted annualized rate of 619,000 units started, but are up 28.7 percent compared to this time last year. Regionally, the Northeast experienced the sharpest declines, down 32.8 percent for the month, and 4.4 percent since March 2012. The authorization of single-family home construction dipped 0.5 percent in March to a seasonally-adjusted annualized rate of 595,000 units, which is an increase of 27.7 percent over the past 12 months. The completion of new single-family home construction rose to 2.6 percent for the month and 34.8 percent annually to a seasonally-adjusted annualized rate of 593,000 units at the current pace. Overall single-family housing construction appears to be on the upswing and is back to mid-2008 levels.