Sales of newly built, single-family homes increased 1.3% to a seasonally adjusted annual rate of 719,000 units in November, off a downwardly revised October reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. In a sign that new home sales are on an upward path, this is the fourth consecutive month that sales topped…
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Single-Family Housing Starts Increase in November
Total housing starts increased 3.2% in November to a seasonally adjusted annual rate of 1.37 million units, according to a report from the U.S. Housing and Urban Development and Commerce Department.
Read MoreNew Home Sales Post Strong Pace in October
Sales of newly built, single-family homes decreased 0.7% to a seasonally adjusted annual rate of 733,000 units in October, off strong upward revisions to the September reading, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.
Read MoreSingle-Family Starts Continue Modest Improvement in July
Due to a decline in multifamily production, total housing starts fell 4% in July to a seasonally adjusted annual rate of 1.19 million units from a downwardly revised reading in June, according to a report from the U.S. Housing and Urban Development and Commerce Department.
Read MoreNew Home Sales Rebound in June; Affordability Concerns Persist
Sales of newly built, single-family homes increased 7% to a seasonally adjusted annual rate of 646,000 units in June from a downwardly revised reading in May, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. On a year-to-date basis, new home sales for 2019 are 2.2% higher than the same period…
Read MoreHome Shoppers Are Increasingly Active
By: Pierre G. Villere Last month, I wrote about the lack of impact that Millennials are having on the housing market, one of the reasons that new home starts have not returned to even their annual historical averages dating back to 1961. But the National Association of Home Builders recently published some research that is very telling about the current…
Read MoreNew Home Building Growth Limited to Exurbs
In a sign that housing affordability is becoming a growing issue nationwide, as of the first quarter of 2019 exurbs were the only region that registered single-family permit growth on a year-over-year basis, according to the new National Association of Home Builders’ (NAHB) Home Building Geography Index (HBGI).
Read MoreLower Interest Rates Help Boost March New Home Sales
Sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 692,000 units in March after a slightly revised February 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 November 2017.
Read MoreHousing Starts Fall in February
Total housing starts fell 8.7 percent in February to a seasonally adjusted annual rate of 1.16 million units from an upwardly revised reading in January, according to a report from the U.S. Housing and Urban Development and Commerce Department that was delayed due to the partial government shutdown.
Read MoreHousing Starts Drop in December
With the delayed December data now published, the pace of single-family starts declined for the fourth consecutive month as housing affordability concerns weighed on the home construction market at the end of 2018. However, home building posted gains in 2018 relative to 2017. Total single-family and apartment construction starts were up 3.6 percent for the year, according to the joint data release…
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