NAHB Sees Lopsided Growth in Housing Starts; Fannie Turning Bearish; Rates Behind the Curve

In another dive into data from the Census Bureau's Survey of Construction (SOC), the National Association of Home Builders (NAHB) found that one third of the nine census divisions and thus 21 states were responsible for 60 percent of single family housing starts last year. The South Atlantic division encompasses the coastal states stretching from Delaware to Florida plus West Virginia and accounted for 260,000 of the 848,000 starts last year. The West South Central division was in second place and the Mountain division third. The number of starts in 2017 was up 9 percent from 2016 and four divisions outpaced the national rate; the Pacific division at 17 percent, West North Central at 11 percent, South Atlantic and Mountain divisions at 10 percent each. Growth decelerated from the 2016 rate

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http://www.mortgagenewsdaily.com/reports/newsletter/2018/7/20/3460