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Summary: Housing Starts and Completions Climb in September
- New residential construction activity increased in September, with an annual rate of 1,358,000 starts, up 7.0% from August but 7.2% below the previous year.
- Both single and multi-family starts increased month-over-month.
- Single-family starts increased to 963,000 homes in September, 3.2% higher than August and 8.6% higher than the previous year.
- Article by Realtor.com Economic Research.
Must-Know Points: Impact of Rising Housing Starts on Real Estate Market
New residential construction activity ticked up in September, with both single and multi-family starts increasing month-over-month, according to an article by Realtor.com Economic Research. The rise in housing starts is a positive sign for the real estate market, as it indicates a potential increase in the availability of new homes for buyers, easing some of the supply constraints seen in recent years.
As a Kansas City Realtor, we understand the importance of monitoring trends in new home construction to better serve our clients. Our team of experienced professionals is dedicated to helping clients navigate the complexities of buying or selling a home and providing expert guidance on finding the perfect property in their desired location.
In conclusion, the rise in housing starts in September is a positive development for the real estate market, potentially leading to an increase in the availability of new homes for buyers. As a professional and dedicated Kansas City Realtor, we’re committed to providing expert guidance and assistance to help our clients achieve their real estate goals. If you’re looking for assistance in buying or selling a home in the Kansas City area, don’t hesitate to reach out to our team for expert guidance and support.
Orginal article: Link To Article – provided by Kansas City Realtors
