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Tuesday, November 30, 2021
ArlingtonReal EstateSingle-family home construction holding steady despite challenges

Single-family home construction holding steady despite challenges

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Single-family housing production held steady in September, as strong demand helped to offset ongoing supply- chain disruptions of materials delivery.
That’s according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

The September data show an annualized number of single-family housing starts totaling 1.08 million, essentially unchanged from August but up 20.5 percent year-to-date.

“The number of single-family units in the construction pipeline is 712,000, almost 31 percent higher than a year ago as more inventory is headed to market,” said Robert Dietz, chief economist for the National Association of Home Builders (NAHB).

As with other data that has emerged in recent weeks, there are some positive and some negative takeaways for those who delve beyond the surface.

“Single-family construction continued along recent, more sustainable trends in September,” said Chuck Fowke, NAHB’s chairman and a custom builder from Tampa, but “the cost and availability of many building materials continues to be a challenge for a market that still lacks inventory.”

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