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Housing Starts

Disappointing housing permits show why we need 6% mortgage rates

Federal Reserve, Homebuilders, Housing Market, Housing Starts, HWmember, Mortgage Rates /

Homebuilders in America are cheering, not because of the disappointing housing permit data released today, but because mortgage rates are near 6%. We have seen four consecutive months of job losses in residential construction labor, as mortgage rates have been elevated and builders’ inventory has been piling up. Housing permits, which have been declining since early 2022, […]

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Single-family construction is getting worse due to rates

Federal Reserve, Homebuilder Confidence, Homebuilders, Housing Market, Housing Starts, HWmember, Mortgage Rates /

Today’s housing starts report from the Census Bureau shows that Federal Reserve policy remains too restrictive for housing production to grow, which in the long run impacts the fight against inflation. This is why the data on single-family construction is not improving; in fact, it is getting worse. The unfortunate part is that we don’t need

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US housing construction is dead with current mortgage rates

Homebuilders, Housing Market, Housing Starts, HWmember, Mortgage Rates, New Home Sales /

New home sales missed sales estimates significantly in Wednesday’s report and we have negative revisions to the previous months. The builders’ profit margins are dwindling, which means housing construction, which has been at early COVID-19 recession levels for some time, could worsen if mortgage rates stay elevated or head even higher. So, instead of focusing

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