Steel Markets
December 18, 2018
Single-Family Starts Decline in November on Affordability Concerns
Written by Tim Triplett
Rising housing affordability issues continue to hinder single-family construction even as total housing starts increased in November, reports the National Association of Home Builders.
According to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department, overall housing starts rose 3.2 percent in November to a seasonally adjusted annual rate of 1.26 million units from a downwardly revised October reading. Year-to-date, new housing starts are 5.1 percent above their level over the same period last year.
