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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Residential Housing
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the new residential construction statistics for October 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 MoreMultifamily Decline Pushes Overall Housing Starts Down
Led by a drop in multifamily production, total housing starts fell 5.3 percent in September to a seasonally adjusted annual rate of 1.2 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
Read MoreHousing Starts Up 9.2 Percent
Total housing starts increased 9.2 percent in August to a seasonally adjusted annual rate of 1.28 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department.
Read MoreNAHB Economist Addresses Housing Market
Despite growing housing affordability concerns, builder confidence in the single-family market remains solid, according to National Association of Home Builders (NAHB) Chief Economist Robert Dietz. The NAHB/Wells Fargo Housing Market Index came in at a level of 67 in August, a one-point drop from last month. This matched the relatively flat pace of construction in July, with total housing starts up less than…
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 to Highest Level This Year
Sales of newly built, single-family homes rose 6.7 percent in May to a seasonally adjusted annual rate of 689,000 units after a downwardly revised April 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 second-highest sales report since the Great Recession.
Read MoreHousing Starts Reach Post-Recession High; Permits Soften
Total housing starts rose 5 percent in May to a seasonally adjusted annual rate of 1.35 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 housing starts report since July 2007.
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