U.S. housing starts beat expectations in August

[mahatmakanejeeves]

Source: Reuters, via Yahoo! Finance

U.S. housing starts beat expectations in August

Tue, September 21, 2021, 8:37 AM · 1 min read

WASHINGTON, Sept 21(Reuters) - U.S. homebuilding increased more than expected in August, likely boosted by an easing in lumber prices, though land and labor shortages remain challenges.

Housing starts advanced 3.9% to a seasonally adjusted annual rate of 1.615 million units last month, the Commerce Department said on Tuesday. Data for July was revised up to a rate of 1.554 million units from the previously reported 1.534 million units.

Economists polled by Reuters had forecast starts rebounding to a rate of 1.555 million units. (Reporting By Lucia Mutikani; Editing by Andrew Heavens)

Read more: https://finance.yahoo.com/news/u-housing-starts-beat-expectations-123733628.html

[marble falls]

1. Bubble time.

[rickyhall]

2. Materials coming down fast.

I bought 2x4 studs 6 months ago for $9.50 each, now $3.25. Plywood is half what it was.

[twodogsbarking]

3. Hope they can get all they need to complete their projects.

Contractors are waiting months for simple things.

[cinematicdiversions]

4. Yeah sinks. Tile , paint the list of backorder items is endless. Nt