Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 657,000 units in November after an upwardly revised October report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest sales pace since March 2018. However, on a year-to-date basis, sales are down 7.7 percent from this…
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Construction Outlook
Dodge Data & Analytics released its 2019 Dodge Construction Outlook, a mainstay in construction industry forecasting and business planning. The report predicts that total U.S. construction starts for 2019 will be $808 billion, staying essentially even with the $807 billion estimated for 2018.
Read MoreSingle-Family Housing Starts Weak, Especially in the West
The pace of single-family housing starts declined for the third consecutive month as housing affordability concerns continue to weigh on the home construction market. Total starts posted a 3.2 percent increase due to gains for multifamily development. Total single-family and apartment construction starts are up 5.1 percent on a year-to-date basis, according to joint data released from the Census Bureau and Department…
Read MoreNew Home Sales Fall in October
Sales of newly built, single-family homes fell to a seasonally adjusted annual rate of 544,000 units in October after an upwardly revised September report, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the lowest sales pace since December 2016. However, on a year-to-date basis, sales are up 2.8 percent from this…
Read MoreNew Home Sales Edge Down in July
Sales of newly built, single-family homes inched down 1.7 percent in July to a seasonally adjusted annual rate of 627,000 units after an upwardly revised June report, according to newly released data by HUD and the U.S. Census Bureau. On a year-to-date basis, sales are up 7.2 percent from this time last year.
Read MoreNew Home Sales Rise 2.9 Percent in May
Sales of newly built, single-family homes in May rose 2.9 percent to a seasonally adjusted annual rate of 610,000 units after an upwardly revised April reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreNew Home Sales Rise in September
Sales of newly built, single-family homes rose 3.1 percent in September from a downwardly revised August reading to a seasonally adjusted annual rate of 593,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreNew Home Sales at Highest Level Since 2007
Sales of newly built, single-family homes rose 12.4 percent in July from a downwardly revised June reading to a seasonally adjusted annual rate of 654,000 units, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This is the highest reading in almost nine years.
Read MoreJuly Construction Starts Slip 2 Percent
At a seasonally adjusted annual rate of $586.3 billion, new construction starts in July fell 2 percent from the previous month, according to Dodge Data & Analytics. A steep drop by electric utilities pulled down the nonbuilding construction sector, which in turn contributed to the slight decline for total construction starts.
Read MoreHousing Starts Climb Higher in July
Nationwide housing starts rose 2.1 percent in July to a seasonally adjusted annual rate of 1.21 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest reading since February. Multifamily housing was up 5 percent to a seasonally adjusted annual rate of 441,000 units in July…
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