A recent report from the U.S. Census Bureau and the Department of Housing and Urban Development indicates seasonally adjusted national housing starts dipped 5.8% from July to August. However, August’s 1,142,000 starts were almost a full percentage point higher than 2015’s rate.
A pair of National Association of Home Builders indices point to steady improvements in the housing industry as metro area markets are returning to normalcy and builder confidence in the single family 55+ market ticked up.
Industries are always looking ahead, trying to predict the next best thing to help attract and retain customers while boosting their bottom line. Staying informed about new developments, be it products or services, can help you target the trends that can most affect your business.