Article source: ConstructConnect

Texas is in a League of its Own

Through the first half of 2021, the monthly average of seasonally adjusted and annualized (SAAR) housing starts in the U.S. has been +23.2% compared with January-June 2020. The one-quarter increase in groundbreakings warrants the ‘mini-boom’ description being applied to the U.S. homebuilding market.

After climbing steadily through most of the second-half months of last year, the monthly figure has leveled off since December 2020. Furthermore, ‘permits’ which were leading ‘starts’ higher through much of 2020, have more recently descended from their peak in an apparent withdrawal to ‘base camp’ (see Graph 6).