{"id":21648,"date":"2023-01-31T13:20:21","date_gmt":"2023-01-31T13:20:21","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=21648"},"modified":"2023-01-31T13:20:21","modified_gmt":"2023-01-31T13:20:21","slug":"construction-permits-up-but-home-starts-stall","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/construction-permits-up-but-home-starts-stall\/","title":{"rendered":"Construction Permits Up, But Home Starts Stall"},"content":{"rendered":"\n

Single-family housing starts dropped in October as supply chain woes over construction materials and labor shortages continued to hamper the building industry. Single-family housing starts fell nearly 4% last month to a seasonally adjusted annual rate of 1.04 million, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported Wednesday.<\/p>\n\n\n\n

Still, single-family housing starts are faring better in the long run, up 16.7% year-to-date.<\/p>\n\n\n\n

\u201cThe rising count of homes permitted but that have not yet started construction is a stark reminder to policymakers to fix the supply chain so that builders can access a steady source of lumber and other building materials to keep projects moving forward,\u201d says Chuck Fowke, chairman of the National Association of Home Builders.<\/p>\n\n\n\n

Builders blame supply chain effects as the reason 152,000 single-family homes that have been authorized but have not yet started, up 43.4% from a year ago.A record number of home builders are reporting a shortage of workers<\/a>, including carpenters, painters, electricians, and other trades.<\/p>\n\n\n\n

\u201cSingle-family permit data has been roughly flat on a seasonally adjusted basis since June due to higher development and construction costs,\u201d says Robert Dietz, the NAHB\u2019s chief economist. \u201cDemand remains solid but housing affordability is likely to decline in 2022 with rising interest rates.\u201d<\/p>\n\n\n\n

Overall housing starts, which include both single-family homes and multifamily construction, decreased 0.7% in October to a seasonally adjusted annual rate of 1.52 million units. The multifamily sector, which includes apartment buildings and condos, rose 7.1% in October, reaching an annualized pace of 481,000 units.<\/p>\n\n\n

\n
\"\"<\/a>
Image by Gerd Altmann<\/a> from Pixabay<\/a><\/figcaption><\/figure>\n<\/div>\n\n\n

\u00a9National Association of REALTORS\u00ae
Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"

Single-family housing starts dropped in October as supply chain woes over construction materials and labor shortages continued to hamper the building industry. Single-family housing starts fell nearly 4% last month to a seasonally adjusted annual rate of 1.04 million, the U.S. Department of Housing and Urban Development and the U.S. Census Bureau reported Wednesday. Still, … <\/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-21648","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":"\nConstruction Permits Up, But Home Starts Stall - 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\/construction-permits-up-but-home-starts-stall\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/construction-permits-up-but-home-starts-stall\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/construction-permits-up-but-home-starts-stall\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Construction Permits Up, But Home Starts Stall\",\"datePublished\":\"2023-01-31T13:20:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/construction-permits-up-but-home-starts-stall\\\/\"},\"wordCount\":269,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/construction-permits-up-but-home-starts-stall\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/house-g3cced1201_640.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/construction-permits-up-but-home-starts-stall\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/construction-permits-up-but-home-starts-stall\\\/\",\"name\":\"Construction Permits Up, But Home Starts Stall - 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