Posts Tagged ‘ U.S. Census Bureau ’

Continued High Consumer Demand Leads to Jump in New Home Sales

Dec 28th, 2021

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows that new home sales posted a solid gain last month, driven by strong buyer demand, low existing home inventory and buyers’ anticipation of higher mortgage rates. “Our members are seeing strong buyer traffic as continued low mortgage […]

Builder Confidence Up, Supported by September’s Single Family Starts

Oct 29th, 2021

The NAHB/Wells Fargo Housing Market Index (HMI) released last week shows sentiment in the market for newly built single-family homes moved four points higher to 80 in October, driven in part by strong consumer demand. The growing affordability challenges stemming from rising material prices and shortages didn’t damper single-family home starts in September, officials said, […]

Single-Family Starts Steady in May

Jun 21st, 2021

A recent report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows overall housing starts increased 3.6% in May to a seasonally adjusted annual rate of 1.57 million units off of a downwardly revised April reading. The May reading of 1.57 million starts is the number of housing units […]

As Home Prices Rise Owners Also Set to Spend More on Improvements

Apr 20th, 2021

After the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) showed a slight dip in builder confidence in March, data from the U.S. Census Bureau shows a rise in building permits issued for the same month, along with a sharp year-over-year increase. In March, officials for NAHB pointed to material costs and […]

NAHB Pushes for Solutions to Keep Homes Resilient and Affordable

Mar 19th, 2021

Housing production weakened in February as ongoing high material costs and interest rates continue to affect the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau report overall housing starts decreased 10.3% to a seasonally adjusted annual rate of 1.42 million units. The 1.42 million starts is the number […]

January: New Home Sales Higher, Supply Concerns Remain

Feb 26th, 2021

A combination of low interest rates, favorable demographics and a suburban shift for home building to smaller, more affordable housing markets created a strong demand that helped to lift new home sales in January, but rising lumber and material costs continue to threaten the momentum. Newly released data by the U.S. Department of Housing and […]

December New Home Sales Steady

Feb 1st, 2021

Newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows sales of newly built, single-family homes in December rose 1.6% to an 842,000 seasonally adjusted annual rate from a downwardly revised November reading. Solid demand for new home sales in December were offset by higher home prices, […]

Single-Family Starts Leveling Off at Strong Pace in November

Dec 18th, 2020

A report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau shows the number of single-family starts flattened in November with builders struggling to meet demand. Overall housing starts increased 1.2% to a seasonally adjusted annual rate of 1.55 million units, the number of housing units builders would begin if […]

As Housing Props Up GDP, Builders Lose More Workers

Dec 2nd, 2020

New residential construction continued its climb in October, according to the latest statistics available from the U.S. Census Bureau. In recent weeks, the Bureau reported that privately-owned housing starts were nearly 5% higher than the revised September estimate and 14.2% higher than 12 months prior. Permits were also up year over year, by 2.8%, but […]

Single-Family Starts at Highest Pace in More Than a Decade

Nov 20th, 2020

Solid gains in single-family production have boosted overall housing starts, which increased 4.9% in October to a seasonally adjusted annual rate of 1.53 million units. The numbers are on the recent report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, which further shows the pace of single-family starts was […]

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