Single-family housing starts rose 3.9 percent to a seasonally adjusted annual rate of 430,000 units in October, according to newly released data from the U.S. Commerce Dept.
Builder confidence in the market for newly built, single-family homes declined three points in June to a reading of 13 on the National Association of Home Builders/Wells Fargo Housing Market Index.
Millions of owners are stuck in homes worth less than they owe on their
mortgages, and existing home sales remain depressed while new home sales
continue near record lows, concludes The State of the Nation’s Housing
report released today by the Joint Center for Housing Studies of Harvard
University.