The U.S. housing market remains stable as single-family home building, allowing for an uptick
Single-family housing starts rose 2.7% in March Single-family building permits jump 4.1% Overall housing starts decline 0.8%; Permits down 8.8% WASHINGTON, April 18 (Reuters) – U.S. single-family home construction rose for a second straight month in March
while future building permits rose, showing some glimmers of hope for a depressed housing market ahead of the busy spring selling season
It advanced 4.8% in the densely populated south, but plunged 16.0% in the west
Tighter credit conditions will make it harder for homebuilders to finance new projects, which will weigh on future construction activity,” said Doug Duncan, Fannie Mae’s chief economist
The dollar fell against a basket of currencies
economists see limited scope for further gains from a surge in vacant apartments
Single-family homebuilding backlogs fell 2.3% to 130,000 units, the lowest level since February 2021
while the completion rate for the category rose 2.4% to 1.050 million units