HUD Initiatives Boost Rental Market Construction

 

Housing starts data estimates how much new residential real estate construction occurred in the previous month. New construction means digging has begun.
Courtesy of Minnesota Public Radio

Any new construction will boost the economy and hopefully filter down to the landscape industry. Adding rooms or renovating old ones does not count; the builder must be constructing a new home (can be on old foundation if re-building).

Although the report offers up single family housing, 2 to 4 unit housing, and 5-unit and above housing data, single family housing is by far the most important as it accounts for 70 to 80 percent of total home building (which might be shifting more toward multi-family in the years ahead).

Building Permits data provides an estimate on the number of homes planning on being built. This indicator basically tracks how much future construction activity we should expect to take place in the future. This data is a part of Conference Board's Index of Leading Economic Indicators.

– Courtesy of Mortgage News Daily