New Home Construction (September 2024)
Housing Starts eased MoM in September, as a decline in multi-family projects outweighed the increase in single-family home building. Building Permits, a sign of future construction, saw a similar pattern. Limited new supply (relative to household growth) should continue to support home prices. #homebuyers #homebuilder #newconstruction #realestate #mbshighway #mbssocialshare #mortgagemarketnews #mortgageintheknow