Housing starts declined 1.6 percent, the first drop since August, to a 1.03 million annualized rate from a revised 1.05 million pace in October that was stronger than previously estimated, figures from the Commerce Department showed today in Washington. The decrease was led by a plunge in the South as […]
The most economical new single-family homes are started in the South, where not only lots are least expensive but sale and contract price per square foot are lowest in the nation. These homes rarely have basements and most are served by public water and septic systems. Read the full article […]
Total townhouse construction was up on a year-over-year basis during the third quarter of 2014.
According to NAHB analysis of Census data of Starts and Completions by Purpose and Design, single-family attached starts totaled 20,000 for the quarter, 17% higher than a year prior. Over the last four quarters, townhouse construction […]