RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Publications
  • Events
  • Education
  • Newsmakers
  • Power Broker
No Result
View All Result
RISMedia
No Result
View All Result

Building Claws Higher in July

Home Latest News
By RISMedia Staff
August 16, 2018
Reading Time: 1 min read
Building Claws Higher in July

New House under construction

Building clawed 0.9 percent higher in July, but still underwhelmed year-over-year, according to the Commerce Department. Combined, housing starts totaled 1.17 million, with 303,000 multifamily (five units or more) starts and 862,000 single-family starts. On an annual basis, starts tumbled 1.4 percent.

Approvals for builds, encouragingly, increased 1.5 percent to 1.31 million permits, with approvals for single-family starts up 1.9 percent to 869,000. Approvals for multifamily starts came in at 410,000.

Completions disappointed, however, at 1.19 million in total—a decline of 1.7 percent—and dropped 5.2 percent in the single-family space to 814,000. Completions for multifamily totaled 371,000.

According to the National Association of Home Builders (NAHB), builders are confident in the market, but affordability concerns are intensifying, as climbing costs for labor and materials move prices into out-of-reach territory.

“Supply-side challenges, including increases in material prices and chronic labor shortages, are affecting affordability in many markets,” according to Robert Dietz, chief economist of the NAHB, in an update. “However, consumer demand remains strong, due to a growing economy and job market and favorable demographics.

“Moreover, on a year-to-date basis, single-family construction has shown steady progress, up 7.2 percent, while five-plus multifamily production is up 3.4 percent, as well,” Dietz said.

For the latest real estate news and trends, bookmark RISMedia.com.

Tags: Building PermitsCensus BureauHome-BuildingHousing CompletionsHousing StartsHUDNAHBreal estate newsReal Estate News and InformationReal Estate Trends
ShareTweetShare

RISMedia Staff

Related Posts

Top-Producer Roundtable: Superstar Agents Discuss How They Win
Agents

Top-Producer Roundtable: Superstar Agents Discuss How They Win

May 18, 2022
Housing Starts Slowed in April
Agents

Housing Starts Slowed in April

May 18, 2022
Mortgage Applications Plummet Again
Agents

Mortgage Applications Plummet Again

May 18, 2022
Homebuyers May Find Less Competition Near City Centers for the First Time in Years
Agents

Homebuyers May Find Less Competition Near City Centers for the First Time in Years

May 18, 2022
United Real Estate’s Vice President of Marketing Named a Kansas City ‘40 Under Forty’
Agents

United Real Estate’s Vice President of Marketing Named a Kansas City ‘40 Under Forty’

May 18, 2022
RISMedia Honors New-Agent Success With Annual ‘Real Estate Rookie of the Year’ Award
Latest News

RISMedia Honors New-Agent Success With Annual ‘Real Estate Rookie of the Year’ Award

May 18, 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

SEO Can Be Done In-House

The REW Forums give you access to learn how to do your own SEO. Check out www.rew.com/forums/ for free!

Business Tip of the Day provided by
REGISTER NOW

Recent Posts

  • Top-Producer Roundtable: Superstar Agents Discuss How They Win
  • Housing Starts Slowed in April
  • Mortgage Applications Plummet Again

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kitt Email Whitelist Terms & Policies

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2022 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.