Economic Watch: Housing Starts Surge, Consumer Sentiment Dips
Housing starts in the U.S. jumped again in April, while the number of new building permits issued hit it best level since 2008, according to the U.S. Commerce Department.


Housing starts in the U.S. jumped again in April, while the number of new building permits issued hit it best level since 2008, according to the U.S. Commerce Department.
The 13.2% increase in new construction from March pushes the annual rate to 1.072 million, the highest level since last November, 26.4% higher than the same time in 2013. Single-family home starts increased 0.8% in April, with the rest of the overall hike in the volatile apartment sector.
The number of building permits issued, an indicator of future home construction, increased 8% from March, hitting an annual rate of 1.08 million, 3.8% higher from April 2013 and the best rate since June 2008.
A separate report shows builder confidence in the market for newly built, single-family homes in May fell one point to 45 from a downwardly revised April reading of 46, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
“After four months in which the HMI has shown little signs of fluctuation, it is clear that builder sentiment is becoming more in line with the market reality of a continuing but modest recovery,” said NAHB Chairman Kevin Kelly, “However, builders expressed some optimism that sales will pick up in the coming months.”
The index’s components were mixed in May. The component gauging sales expectations in the next six months rose one point to 57 and the component measuring buyer traffic increased two points to 33. The component gauging current sales conditions fell two points to 48.
“Builders are waiting for consumers to feel more secure about their financial situation,” said NAHB Chief Economist David Crowe. “Once job growth becomes more consistent, consumers will return to the market in larger numbers and that will boost builder confidence.”
Finally, a third reading on the health of the economy shows consumer feelings about the economy slipped this month, according to the Thompson Reuters/University of Michigan Index of Consumer Sentiment.
It fell to 81.8 from 84.1 in April, despite a consensus poll of economists who were forecasting a small increase.
"The main concern behind the small May loss involved dispiriting trends in wages," said Richard Curtin survey director. However, he noted "consumers judged the current state of the economy at the most favorable levels in ten years."
More Fleet Management

What Geotab's New AI Connector Means for Fleets
Fleets can now ask their usual AI assistants questions about maintenance, safety, fuel use, and vehicle performance, using their live Geotab data, and take action on the answers without leaving their preferred AI tool.
Read More →
New C.H. Robinson Tool Opens Door to More Predictable Freight
BidBoardX lets carriers search, bid on, and secure committed freight opportunities through a single digital marketplace.
Read More →
New York City's Microhub Project is Delivering Results
Trucking, last-mile delivery companies, and environmental advocates like what they are seeing so far with New York's microhub program.
Read More →
Why Truck Detention Keeps Costing Fleets Time and Money
A 2024 ATRI study found detention affects nearly 40% of truckload stops and costs the industry more than $15 billion annually. Despite the toll on drivers, fleets, and supply chains, the problem remains stubbornly persistent.
Read More →
Time is Running Out to Apply for Exclusive HDT Event
Heavy Duty Trucking Exchange brings fleet managers and suppliers together for the deeper conversations that lead to ideas, partnerships, and solutions. Time is running out to apply for the September event.
Read More →
Amazon Launches Less-Than-Truckload Freight Offering for All Businesses
This launch is the latest addition to Amazon Supply Chain Services, a portfolio of supply chain capabilities from Amazon, including freight, distribution, fulfillment, and parcel shipping.
Read More →
Import Cargo Volume to See Year-Over-Year Gain Again in June, Then Remain Below 2025 Levels Into Fall
After July, the report predicts a weakening in import volume as consumer uncertainty remains high and the impact of increasing inflation takes its toll.
Read More →
AUCTION OF EQUITY INTEREST IN HEAVY HAUL TRUCKING COMPANY!!
Mark your calendar: June 30, 2026 (10:00 a.m. PDT). A 37.5% ownership interest in MagnaTrans, LLC, a California limited liability company doing business as Magna Transportation Group, will be sold in an in-person and online auction to the highest bidder or bidders under Article 9 of the Uniform Commercial Code. The Rancho Cucamonga-based heavy haul and over-dimensional trucking company operates across California, Oregon, and Arizona.
Read More →
Volvo Trucks Adds Unattended Over-the-Air Software Update Capabilities
The latest evolution of Volvo’s over-the-air update technology allows software updates to run while trucks are parked, helping fleets keep vehicles current without disrupting operations.
Read More →How Waste Connections is Using Data, Telematics, and AI
How do you manage and maintain more than 18,000 connected trucks? Data. Lots of it.
Read More →

