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.
Stock prices of publicly traded window and door companies substantially outpaced the broader market in March, as the W&D Stock Index increased 15.8 percent compared to a 1.8 percent increase for the S&P 500.
As the housing industry celebrates New Homes Month in April, recent data from the National Association of Home Builders/Wells Fargo Housing Market Index, reveals that first-time home buyers account for almost half (43 percent) of the new home market in 2021, up from 32 percent in 2018.
While the U.S. economy shrank by 3.5 percent in 2020, spending on home improvements and repairs grew more than 3 percent, to nearly $420 billion, as households modified living spaces for work, school and leisure in response to the COVID-19 pandemic, according to Improving America's Housing 2021, a…
Higher interest rates, supply shortages and rising material prices, particularly for lumber, put a damper on new home sales in February. Sales of newly built, single-family homes fell 18.2 percent to a 775,000 seasonally adjusted annual rate.