Second-quarter 2018 new construction metrics compared to second quarter 2017:
“After a dramatic drop in June, lackluster housing-start numbers again in July is disappointing news for the housing market,” said Taylor Marr, Redfin senior economist. “Housing starts are still far below historic averages. Lack of properly zoned land, not enough labor and increasing materials costs due to tariffs continue to be the major factors holding back builders.”
Redfin is making available below a downloadable set of monthly data on new construction prices, sales, inventory and other new residential market statistics. Redfin is also releasing building permit data—provided by the Census—allowing users to analyze average construction costs and compare the number of units built per capita across regions. Both datasets are available for download at the National, Metro, and County Levels since 2012.
