Week of September 24, 2018

Health of new construction

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Quarter New single-family
construction starts
New single-family
construction sold
2011 Q2 118,400 86,000
2011 Q3 113,800 76,000
2011 Q4 95,800 72,000
2012 Q1 109,100 87,000
2012 Q2 142,900 103,000
2012 Q3 140,400 94,000
2012 Q4 126,300 85,000
2013 Q1 134,700 109,000
2013 Q2 180,400 126,000
2013 Q3 167,200 95,000
2013 Q4 138,400 99,000
2014 Q1 137,900 107,000
2014 Q2 182,100 120,000
2014 Q3 173,300 108,000
2014 Q4 147,000 104,000
2015 Q1 146,800 130,000
2015 Q2 199,400 139,000
2015 Q3 188,200 119,000
2015 Q4 161,600 113,000
2016 Q1 167,900 134,000
2016 Q2 214,000 158,000
2016 Q3 195,900 144,000
2016 Q4 173,000 125,000
2017 Q1 188,600 157,000
2017 Q2 229,500 169,000
2017 Q3 212,400 143,000
2017 Q4 189,500 144,000
2018 Q1 199,800 168,000
2018 Q2 245,200 181,000

These two graphs compare the number of new home construction starts with the number of new homes sold during the same period. According to the graphs, there's a fairly consistent correlation between the two numbers, which peak and decline around the same time, with some exceptions.

The construction sales and starts have both trended upward since 2011, reaching seven-year highs in the second quarter of 2018. The two-year overview shows that sales and starts tend to reach their peak in April–June, which would be during the busiest home buying season.1

1Source data: CoreLogic® 
Data date: 12/25/2017

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