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Tue Sep 21, 2021, 08:59 AM

U.S. housing starts beat expectations in August

Source: Reuters, via Yahoo! Finance

U.S. housing starts beat expectations in August

Tue, September 21, 2021, 8:37 AM 1 min read

WASHINGTON, Sept 21(Reuters) - U.S. homebuilding increased more than expected in August, likely boosted by an easing in lumber prices, though land and labor shortages remain challenges.

Housing starts advanced 3.9% to a seasonally adjusted annual rate of 1.615 million units last month, the Commerce Department said on Tuesday. Data for July was revised up to a rate of 1.554 million units from the previously reported 1.534 million units.

Economists polled by Reuters had forecast starts rebounding to a rate of 1.555 million units. (Reporting By Lucia Mutikani; Editing by Andrew Heavens)

Read more: https://finance.yahoo.com/news/u-housing-starts-beat-expectations-123733628.html

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Reply U.S. housing starts beat expectations in August (Original post)
mahatmakanejeeves Sep 21 OP
marble falls Sep 21 #1
rickyhall Sep 21 #2
twodogsbarking Sep 21 #3
cinematicdiversions Sep 21 #4

Response to mahatmakanejeeves (Original post)

Tue Sep 21, 2021, 09:01 AM

1. Bubble time.

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Response to mahatmakanejeeves (Original post)

Tue Sep 21, 2021, 12:47 PM

2. Materials coming down fast.

I bought 2x4 studs 6 months ago for $9.50 each, now $3.25. Plywood is half what it was.

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Response to mahatmakanejeeves (Original post)

Tue Sep 21, 2021, 02:17 PM

3. Hope they can get all they need to complete their projects.

Contractors are waiting months for simple things.

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Response to twodogsbarking (Reply #3)

Tue Sep 21, 2021, 03:17 PM

4. Yeah sinks. Tile , paint the list of backorder items is endless. Nt

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