Housing Starts End Year Up Nearly 11%

Daily Real Estate News | The new-home market ended 2015 on a positive note, zooming ahead 10.8 year-over-year and setting the stage for a brighter sector in 2016. The Commerce Department reported Wednesday that housing starts nationwide rose to 1.11 million units last year, with single-family starts posting a yearly gain of 10.4 percent to 715,000 units.

“These numbers are in line with what our members are telling us that housing markets are improving, but lot and labor shortages continue to be a problem for many builders,” says Tom Woods, chairman of the National Association of Home Builders.