Source: US Census Bureau Housing starts in the United States posted a strong rebound in February, even as permits issued posted a contraction during the month. XHB is up 0.24%, while ITB is up 0.14%. Seasonally adjusted privately-owned housing starts stood at 1.769 million, up 6.8% from January’s 1.657 and 22.3% higher than February 2021’s 1.447 million.Single-family … [Read more...] about US Housing Starts Climb to Historic 1.769 Million in February
Housing
Builder Confidence Falls for Fourth Straight Month in March
Source: NAHB Builder confidence declined for the fourth straight month in March, bringing the level below 80 for the first time in six months. XHB is up 2.66%, while ITB is up 2.48%. The NAHB/Wells Fargo Housing Market Index stood at 79 in March, down by two points from the previous month.The latest reading is the fourth straight month of declines and the first time the … [Read more...] about Builder Confidence Falls for Fourth Straight Month in March
