March Housing Starts Fall Almost 7 Percent

Housing starts in March were at a seasonally adjusted annual rate of 1.22 million units, a drop of 6.8 percent from February’s rate of 1.30 million but a 9.2 percent increase from the rate in March 2016 of 1.11 million, according to the United States Census Bureau.

Single-family starts in March were at a seasonally adjusted annual rate of 821,000, a 6.2 percent decline from February’s rate of 875,000. Multifamily units were at a rate of 385,000, 2.7 percent decrease from February’s rate of 396,000.

"The three-month moving average for single-family starts has reached a post-recession high, which shows that this sector is continuing to firm," said NAHB Chief Economist Robert Dietz in a statement. "We can expect further gains in single-family production throughout the year, while multifamily starts should level off."

Combined production in the Northeast rose 12.9 percent to 69,000 and fell in other regions: 2.9 percent to 645,000 in the South, 16 percent to 284,000 in the West and 16.2 percent in the Midwest to 155,000.

Page 1 of 796
Next Page
Resource Book
Looking for a specific product or a company? Wood Floor Business has the only comprehensive database of the industry.
Learn More
Resource Book
Podcasts
All Things Wood Floor, created by Wood Floor Business magazine, talks to interesting wood flooring pros to share knowledge, stories and tips on everything to do with wood flooring, from installation, sanding and finishing to business management.
Learn More
Podcasts