Author: Suman Bhattacharyya

Five Things to Watch in the March Housing Starts Report

At 8:30 this morning, the Census Bureau will release its monthly report on housing starts for March. Economists polled by Bloomberg predicted a modest drop in housing starts for March, with a median estimate of 1.16 million, slightly down from February’s seasonally adjusted rate of 1.2 million. Economists attribute the […]

Housing Starts Rebound in February

New housing construction picked up in February after a January dip, a sign of the resilience of the housing market due to strong economic conditions. Housing starts jumped 5.2 percent in February to a seasonally adjusted rate of 1.2 million, a five-month high. Economists attribute this increase to pent-up demand […]

A Drop in Housing Starts in January no Cause for Concern

Despite a drop in housing starts in January, the housing sector remains strong and new home constructions should pick up in the months ahead. Housing starts fell 3.8 percent in January to a seasonally adjusted annual rate of 1.1 million, the Department of Commerce reported on Wednesday. This came as […]