Construction industry

Residential starts decreased 14.7% in March to a 1.32 million annualized rate, the lowest since August, government data showed Tuesday.

Since mid-January, "we have seen a meaningful uptick in demand that has continued through this past weekend," Toll Brothers Chief Executive Officer Doug Yearley said in an earnings call Wednesday. 

Comparable sales fell 3.5% in its fiscal fourth quarter, Home Depot said Tuesday.

Spending on furniture and related items fell nearly 12% from the year-earlier period in October.

Residential starts increased 1.9% last month to a 1.37 million annualized rate, the highest in three months, government data showed Friday.

The National Association of Home Builders/Wells Fargo gauge decreased six points to 34 this month, according to data out Thursday.

Between 2020 and 2022, both companies benefited from locked-down consumers that took on renovations.

In conjunction with an announcement last week, federal agencies will conduct training workshops to help developers, lenders and other stakeholders benefit from the Biden administration's housing supply plan.

Residential starts increased 7% last month after falling by the most in over a year in August, according to government data released Wednesday.

Residential starts increased 3.9% last month to a 1.45 million annualized rate, according to government data released Wednesday.

The cohort is outperforming the broader market — up more than 50% year-to-date versus the S&P 500's 18% gain. 

Denver-based Proprietary Capital, who offers a platform for institutional investors seeking returns from mortgage-related assets, agreed to purchase the New Jersey-based lender as it seeks to increase the number of opportunities it offers.

The sector is well-positioned for further volume growth into next year, analysts led by Anthony Pettinari said in a note to clients Monday.

"I do believe you'll begin to see some improvement, or increases, in new housing as we head into the back half of the year," Chief Financial Officer Jim Peters said in an interview. "We're hearing optimistic stuff from the builders we deal with."

Residential starts fell 8% last month to a 1.43 million annualized rate, according to government data released Wednesday.

Despite the improvement in sentiment, the homebuilder index remains below end-of-2021 levels, when mortgage rates were lower

With new construction activity at the highest level in more than a year, the Federal Reserve Bank of Atlanta's GDPNow tracker is projecting residential investment added 0.1% to growth in gross domestic product in the second quarter.

Alimited supply of existing homes continued to spark interest in new construction, the National Association of Home Builders found.

The popular notion that any downturn this year will be mild by historical standards as firms seek to "hoard" labor is about to be put to the test.

An index tracking the industry is up 28% so far this year coming off of one of its worst years since 2018.