Posts Tagged ‘ U.S. Census Bureau ’

Confidence in Single-Family Housing Contraction Continues in October

Nov 21st, 2022

The National Association of Home Builders (NAHB) points to continued elevated interest rates, high building material costs and declining affordability conditions pushing buyers to the sidelines as the source of the continued drag on builder sentiment. NAHB recorded the lowest confidence reading since June 2012 with the exception of the onset of the pandemic in […]

New York City, New Work: Residential Sector on the Upswing

Oct 27th, 2022

The New York Building Congress and New York Building Foundation have issued their joint, annual publication, the New York City Construction Outlook, for 2022-2024. Spending in the residential building sector in particular is forecast to increase nearly 70% in the next few years over the pre-pandemic period of 2017-2019. The Construction Outlook shows the Big […]

New Residential Sales Up in August

Oct 4th, 2022

The U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) recently reported that the sales of new single‐family homes was up in August 2022, assessed at a seasonally adjusted annual rate of 685,000, which the report says is a 28.8% increase over July’s revised rate of 532,000. Despite gains over July, […]

New Home Sales Fall to Lowest Pace in More than Six Years

Aug 29th, 2022

The National Association of Homebuilders (NAHB) reported last week that new home sales in July fell to their lowest level since January 2016. Tepid sales pace matches declining builder confidence as reported by the association since the beginning of the year, as the industry grapples with supply chain disruptions that are delaying new home building […]

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 […]

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