{"id":19822,"date":"2021-12-21T13:15:21","date_gmt":"2021-12-21T13:15:21","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19822"},"modified":"2021-12-21T13:15:21","modified_gmt":"2021-12-21T13:15:21","slug":"housing-starts-pick-up-as-2021-comes-to-a-close","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/housing-starts-pick-up-as-2021-comes-to-a-close\/","title":{"rendered":"Housing Starts Pick Up as 2021 Comes to a Close"},"content":{"rendered":"

Housing Starts Pick Up as 2021 Comes to a Close<\/h1>\n

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Buyers have been drawn to new-home construction as existing housing inventories remain lean. Builders have struggled to ramp up construction even more due to the high demand as building materials, labor, and lot shortages loom.<\/p>\n

However, builders say they\u2019re building as much as they can and as quickly as they can given such challenges.<\/p>\n

Housing starts for both single-family and multifamily homes rose 11.8% to a seasonally adjusted annual rate of 1.68 million units in November, the U.S. Department of Housing and Urban Development and U.S. Census Bureau reported on Thursday. Broken out, single-family housing starts increased 11.3% to a 1.17 million annual rate while the multifamily sector, which includes apartment buildings and condos, climbed 12.9% to an annual 506,000 pace.<\/p>\n

\u201cSingle-family housing starts accelerated near the end of 2021 and are up 15.2% this year-to-date as demand for new construction remains strong due to lean inventory of resale housing,\u201d says Chuck Fowke, chairman at the National Association of Home Builders. \u201cPolicymakers need to help alleviate ongoing building material supply chain bottlenecks that are preventing builders from keeping up with buyer demand.\u201d<\/p>\n

Single-family completions within new-home construction will increase in 2022, adds Robert Dietz, the NAHB\u2019s chief economist. This will bring \u201cmore inventory to market despite a 19% year-over-year rise in construction material costs and longer construction times,\u201d he says.<\/p>\n

Regionally, new-home construction starts including both single-family and multifamily housing on a year-to-date basis (January through November of 2021) were up by the most in the Northeast, jumping 24.4% compared to the previous year. Gains followed by 19.4% in the West, 15.4% in the South, and 9.6% in the Midwest.<\/p>\n

Permits\u2014a gauge of future construction\u2014climbed 3.6% in November to a 1.71 million unit annual rate. Permits are rising by the most in the West and South.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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National Association of Home Builders<\/a><\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Housing Starts Pick Up as 2021 Comes to a Close   Buyers have been drawn to new-home construction as existing housing inventories remain lean. Builders have struggled to ramp up construction even more due to the high demand as building materials, labor, and lot shortages loom. However, builders say they\u2019re building as much as they … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-19822","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHousing Starts Pick Up as 2021 Comes to a Close - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/housing-starts-pick-up-as-2021-comes-to-a-close\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-starts-pick-up-as-2021-comes-to-a-close\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-starts-pick-up-as-2021-comes-to-a-close\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Housing Starts Pick Up as 2021 Comes to a Close\",\"datePublished\":\"2021-12-21T13:15:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-starts-pick-up-as-2021-comes-to-a-close\\\/\"},\"wordCount\":317,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-starts-pick-up-as-2021-comes-to-a-close\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-starts-pick-up-as-2021-comes-to-a-close\\\/\",\"name\":\"Housing Starts Pick Up as 2021 Comes to a Close - 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