... in Ohio! Three of the top 20 hottest U.S. real estate markets in March were in The Buckeye State, and Columbus was ranked number one. Akron and Canton were the other Ohio markets, ranked 16th and 19th, respectively.
The pace of housing starts in March tipped a milestone, posting an annual rate of 1.04 million units, an increase of 7 percent from February and up 47 percent from a year earlier.
New construction cost index data show growth in March to a 60.4 reading, up from 55.3 in February. A 60-point reading for labor and materials indicates widespread price increases.
Consumer confidence in housing hit its highest level since June 2018 this March, according to the latest data from government-backed lender Fannie Mae.
Despite falling prices for lumber and gypsum, prices paid for construction inputs grew 1.5 percent last month, based on the latest, not seasonally adjusted data from the Bureau of Labor Statistics.
