Housing starts update August 2023

By
Real Estate Agent with Keller Williams Capital Partners Realty 277320

 

 

NATIONAL MARKET UPDATE

 

Following the June decline, Housing Starts shot back up 3.9% in July—5.9% higher than a year ago. Plus, single-family starts gained 6.7% for the month—9.5% year-over-year—good news about these much-needed units..

July Building Permits only eked out a 0.1% gain over June, but builders already have their hands full, with a near record number of projects in the pipeline. But they remain cautious, their confidence index slipping in August.

An online real estate database reported the value of all U.S. real estate hit an all-time high of $46.8 trillion in June. Baby boomers dominate other generations, holding $18 trillion of that housing wealth.

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Comments (1)

Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your day!

Aug 21, 2023 07:15 AM