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Housing starts were down 11.4% in March to an annual rate of 1.32 million units, a rate 1.9% above the rate in March 2024. Single-family housing starts plunged 14.2% to an annual rate of 940,000, 9.7% lower than last year. Single-family permits were down 2%. www.nahb.org/news-and-economics/press-releases/2025/04/housing-starts-decline-amid-economic-uncer... #realestate #economy
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In February, privately-owned housing starts increased to a seasonally adjusted rate of 1.50M, 11.2% above January but 2.9% below February 2024.
Building permits issued decreased to 1.46M in January, 1.0% below January and 6.7% below February 2024.
www.nar.realtor/research-and-statistics/research-reports/residential-real-estate-market-snapshot
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Chair Powell struck a nostalgic chord at today's Economic Club of Chicago, quoting Ferris Bueller: "Life moves pretty fast…" #JeromePowell #FederalReserve #EconomicOutlook #Inflation #InterestRates #Tariffs #MarketUpdate #FedWatch #FinanceHumor #EconMemes #policyandpopculture
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