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National housing starts up 9.2 percentNational housing starts up 9.2 percenthttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=211012018-09-21T05:00:00Z2018-09-21T21:00:00Z

​​​​​​​WASHINGTON – National housing starts increased 9.2 percent in August to a seasonally adjusted annual rate of 1.28 million units, according to the U.S. Department of Housing and Urban Development and the Commerce Department. 

Single-family starts increased 1.9 percent to 876,000 units. Multifamily starts rose 29.3 percent to 408,000 units. ​​

Overall permits fell 5.7 percent to 1.23 million units. In the single​-family sector, permits dropped 6.1 percent to 820,000 units. Multifamily permits fell 4.9 percent to 409,000 units. 

"Although we saw an increase in starts in August, we are likely to see softening in the market in the months ahead," said National Association of Home Builders Chief Economist Robert Dietz. "Affordability is a particular concern because of home price gains, due in part to the high regulatory burden on new home construction. Increasing costs for building materials prompted partially by recently imposed tariffs on a wide range of products are also a concern. Moreover, interest rates are continuing their gradual upward climb."

In the South—the region which includes Texas—starts increased 6.5 percent and permits decreased 2.9 percent. 

National Association of Home Builders
U.S.
Housing
https://www.nahb.org/en/news-and-publications/press-releases/2018/09/housing-starts-rise-in-august-amid-ongoing-affordability-concerns.aspxRead more at {Source}

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