{"id":4136,"date":"2017-05-03T00:00:00","date_gmt":"2017-05-03T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/an-uptick-in-housing-starts-matters-to-buyers\/"},"modified":"2017-05-03T00:00:00","modified_gmt":"2017-05-03T00:00:00","slug":"an-uptick-in-housing-starts-matters-to-buyers","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/an-uptick-in-housing-starts-matters-to-buyers\/","title":{"rendered":"An Uptick in Housing Starts Matters to Buyers"},"content":{"rendered":"

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Your home buyers may want to look more closely at the housing<\/a> starts numbers, even if they don\u2019t intend to buy new.<\/p>\n

Housing starts, or\u00a0the number of new homes that builders have begun construction on, tend to follow a seasonal pattern\u2014increasing in the spring, peaking in the summer, receding in the fall, and dropping to their lowest levels in the winter.<\/p>\n

An increase in housing starts should make for good news for home buyers.<\/p>\n

\u201cHousing starts, when they are completed, add supply [and in turn] reduce upward pressure on new-home prices and may even reduce them,\u201d says Andres Carbacho-Burgos, a senior economist at Moody\u2019s Analytics.<\/p>\n

Therefore, even if buyers aren\u2019t buying new, they can still benefit from a healthy level of housing starts, says Danielle Hale, managing director of housing research at the National Association of REALTORS\u00ae. A high number of homes, whether old or new, will decrease prices for all homes, she notes.<\/p>\n

Housing starts have been in gradual recovery mode the last few years. In 2016, starts were at 1.23 million units.<\/p>\n

\u201cWe\u2019re relatively optimistic\u201d for 2017, says Carbacho-Burgos. \u201cBy the end of 2017, we expect housing starts to be closer to 1.7 million,\u201d a 10 percent increase from a year earlier.<\/p>\n

Source: \u201cWhat Are Housing Starts, and Why Should Home Buyers Care?\u201d realtor<\/a>.com\u00ae (May 1, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n

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Your home buyers may want to look more closely at the housing starts numbers, even if … An Uptick in Housing Starts Matters to Buyers<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":4137,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[1403,2890,12908,543,127,344,8858,1442,258,204,2886,41,818],"class_list":["post-4136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-construction","tag-home","tag-home-buying-guide","tag-homes","tag-housing","tag-housing-starts","tag-in-housing","tag-new-home","tag-new-homes","tag-optimistic","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/RYEJRLyexCE","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7913,"url":"https:\/\/amazingproperty.com.ng\/blog\/housings-state-of-union-pressing-issues-ahead\/","url_meta":{"origin":4136,"position":0},"title":"Housing\u2019s State of Union: Pressing Issues Ahead","author":"Amazing Property","date":"January 26, 2018","format":false,"excerpt":"President Donald Trump\u2019s State of the Union address is slated for next week, but realtor.com\u00ae released its own \u201cState of the Housing Union.\u201d The housing market outlook is looking bright on several fronts: strong buyer demand, particularly among first-timers, and a growing U.S. economy urging more consumers to buy. 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Housing starts for single-family and multifamily homes dropped 6.8 percent in March to a seasonally adjusted annual rate of 1.22 million units, the Commerce Department reported Tuesday. Broken out, single-family production\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35917,"url":"https:\/\/amazingproperty.com.ng\/blog\/homebuilding-slows-as-buyers-hesitate\/","url_meta":{"origin":4136,"position":3},"title":"Homebuilding Slows as Buyers Hesitate","author":"Amazing Property","date":"May 20, 2022","format":false,"excerpt":"Rising mortgage rates and ongoing supply chain disruptions are pressing on new-home costs and taking a toll on construction, homebuilders report. 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