What slowing new home construction means for the housing market

By Clare Trapasso | realtor.com

New home construction slowed in April 2017 from the previous month.

Although more home buyers eagerly seeking the dwellings of their dreams, fewer new homes are in bloom this spring.

In not-so-promising signs for the housing market, permits to build new abodes, housing starts, and the number of new homes completed dipped in April from the previous month, according to the seasonally adjusted numbers in the latest residential sales report. The report is jointly released by the U.S. Census Bureau and U.S. Department of Housing and Urban Development.

(Seasonally adjusted numbers means they have been smoothed out to account for fluctuations over a 12-month period.)

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May 16, 2017

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