US Single-Family Housing Starts Decline by 12.4% in March 2024

19 Apr 2024 CW Team

In March 2024, the United States experienced a significant decline of 12.4% in single-family housing starts, reflecting a slowdown in the construction of new homes. This downturn suggests challenges in the housing market, potentially influenced by factors such as supply chain disruptions, rising construction costs, and fluctuating demand dynamics.

The drop in single-family housing starts indicates a dampening effect on the pace of new home construction across the country. It underscores the complexities and uncertainties facing the US housing market, which plays a crucial role in driving economic activity and employment.

Various factors may have contributed to the decline in single-family housing starts, including labour shortages, material shortages, and regulatory hurdles. These challenges have impeded the ability of developers and builders to meet the growing demand for housing amidst changing market conditions.

The slowdown in single-family housing starts highlights the need for concerted efforts to address underlying issues and revitalise the housing sector. Policy interventions, incentives for construction, and measures to enhance affordability could help stimulate activity and support sustainable growth in the housing market.

As the US economy continues to recover from the impacts of the COVID-19 pandemic, monitoring trends in housing starts remains essential for gauging the health and resilience of the real estate sector. Addressing the challenges affecting single-family housing starts will be crucial for fostering a vibrant and inclusive housing market that meets the needs of American households.

Infrastructure Urban

08 Sep 2025

DRDO Transfers Key Defence Materials Tech to Industry

The Defence Metallurgical Research Laboratory (DMRL) of DRDO in Hyderabad has transferred three advanced indigenous materials technologies to leading Indian industry partners, marking a major step towards self-reliance in strategic defence manufacturing. The Licensing Agreement for Transfer of Technology (LAToT) documents were handed over by Dr Samir V Kamat, Secretary of Defence R&D and Chairman of DRDO, at a ceremony held at DMRL on 30 August 2025.The transferred technologies include:High-Strength Radomes: Transferred to BHEL, Jagdishpur, this technology enables the manufacture of high-p..

Coal Ministry Honours Top Mines for Safety and Sustainability

The Ministry of Coal hosted the Star Rating Award Ceremony in Mumbai to recognise outstanding coal and lignite mines for their achievements in safety, environmental responsibility, scientific operations, and community welfare. Union Minister of Coal and Mines Shri G. Kishan Reddy, accompanied by Minister of State Shri Satish Chandra Dubey and Secretary Shri Vikram Dev Dutt, presented the accolades.The awards celebrate mines that have demonstrated excellence across key parameters such as safety, productivity, scientific mining, environmental stewardship, and socio-economic impact. The Minister ..

Modi Highlights Decade of Bold Economic Reforms

Prime Minister Shri Narendra Modi reaffirmed the government’s steadfast commitment to economic reforms over the past decade, highlighting transformative measures that have redefined India’s fiscal structure and enhanced its global economic position.Citing major initiatives such as corporate tax cuts to encourage investment, the implementation of the Goods and Services Tax (GST) to unify the national market, and reforms in personal income tax to improve Ease of Living, Modi emphasised that the reform agenda has consistently been citizen-focused and pro-growth.He welcomed the ongoing #NextGe..