Just as distributors are keeping a closer eye on their inventory in uncertain times, single-family home builders are also doing so by slowing the pace of new production by nearly 3% in July, according to the Commerce Department and reported by the National Association of Home Builders. NAHB says this is the lowest rate of single-family housing starts since January 1991. (See housing starts numbers for July here.)
The president of NAHB says: “Though some may be inclined to focus only on the negative angle of this report, there is definitely a bright side. The actions that home builders are taking right now to keep a lid on new production are slowly but surely helping to bring supply and demand back into …
A Look at Housing Production Numbers
Just as distributors are keeping a closer eye on their inventory in uncertain times, single-family home builders are also doing so by slowing the pace of new production by nearly 3% in July, according to the Commerce Department and reported by the National Association of Home Builders. NAHB says this is the lowest rate of single-family housing starts since January 1991. (See housing starts numbers for July here.)
The president of NAHB says: “Though some may be inclined to focus only on the negative angle of this report, there is definitely a bright side. The actions that home builders are taking right now to keep a lid on new production are slowly but surely helping to bring supply and demand back into …
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