Total housing starts decreased 3.6 percent in January from an upwardly revised December reading to a seasonally adjusted annual rate of 1.57 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department. Meanwhile, overall permits surged to a 13-year high.
Overall housing starts decreased 0.7 percent to a seasonally adjusted annual rate of 1.52 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
The W&D Index increased 12.2 percent compared to a 5.7 percent increase in the S&P 500 and as a result the 39.1 percent return for the S&P 500 has slightly underperformed the W&D Index return of 39.3 percent over the 12 months.
The annual Window + Door Industry Pulse survey is open. The survey reflects on the past year and sets expectations for 2022, including insights on product, sales and employment trends, as well as supply chain, materials and costs.
Single-family housing production held steady in September as strong demand helped to offset ongoing building material supply chain disruptions. Meanwhile, declines in multifamily production helped to push overall housing starts in September down 1.6 percent to a seasonally adjusted annual rate of 1…