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    Analysis

    April 21, 2022

    NAHB: March Housing Starts Weaken

    Written by David Schollaert

    Housing starts declined in March, driven by rising mortgage interest rates and ongoing supply chain bottlenecks that continue to delay construction projects and raise home building costs.

    Though the single-family housing market showed signs of softening last month, strong multifamily production pushed overall housing starts up 0.3% to a seasonally adjusted annual rate of 1.79 million units, according to the latest data from the US Census Bureau and the Department of Housing and Urban Development.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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