The U.S. Census Bureau and HUD jointly announced today in a press release new residential construction statistics for June 2015 finding single-family building permits rose slightly, while housing starts and housing completions both declined.
Read More »U.S. Single-Family Building Permits Climb Higher; Starts and Completions Decline
The U.S. Census Bureau and HUD jointly announced today in a press release new residential construction statistics for May 2015 finding building permits were up, while starts and completions saw slight decreases.
Read More »Housing Starts Show Modest Gains
Though the gains in starts and permits are modest‒‒not to mention multi-faceted‒‒the upturn is certainly more welcome news to industry pundits than the numbers that came from February. That month, the U.S. Census Bureau and U.S. Department of Housing and Urban Development reported that privately-owned housing starts had hit their lowest rate in years. Housing starts were down 17 percent from January and 3.3 percent below the February prior.
Read More »Housing Starts, Permits Fall in January
Homebuilders broke ground on new homes at a seasonally adjusted annual rate of 1.07 million in January, the Commerce Department said Wednesday. January's rate of new construction was 2.0 percent below December's revised estimate of 1.09 million units annually but 18.7 percent above the year-ago pace of 897,000 units.
Read More »U.S. Leading Indicators Improve for Fourth Straight Month
The Conference Board's Leading Economic Index (LEI), which gauges the near-term economic outlook based on a variety of indicators, increased 0.5 percent in December to 121.1, the group reported Friday. The increase fell between November's gain of 0.4 percent and October's larger 0.6 percent improvement.
Read More »Economists: Signs Point to ‘More Robust Year’ for Housing
In the wake of the National Association of Home Builders' (NAHB) latest confidence index, builders convened in Las Vegas this week to discuss housing trends over the last few months and what they expect to see in 2015.
Read More »Homebuilders Finish Best Year for Housing Starts Since 2007
Builders broke ground on new residences at a seasonally adjusted annual rate of 1.09 million in December, an increase of 4.4 percent month-over-month and 5.3 percent year-over-year, the Commerce Department reported Wednesday. For the entire year, the government estimates homebuilders started on 1.01 million new units, making 2014 the first year since 2007 that starts topped the 1 million mark.
Read More »Housing Barometer Shows Improvements in All Metrics
Three of the five indicators in Trulia's quarterly housing barometer—existing-home sales, excluding distressed sales; home price level; and delinquency plus foreclosure rate—are all more than three-quarters of the way "back to normal" as of the end of 2014, according to the company.
Read More »U.S. Housing Starts Dip in November
According to a report released Tuesday from the Commerce Department, homebuilders began construction on new houses in November at a seasonally adjusted annual rate of 1.03 million, down 1.6 percent month-over-month and 7 percent year-over-year. Despite the retreat in housing starts, there were a few pieces of good news in Tuesday's report.
Read More »Forecast: Full Steam Ahead for Housing
In its latest forecast, Wells Fargo's Economics Group cited a number of reasons optimistic housing market predictions for next year, namely easing of credit, job and income growth, and mortgage rates near their lowest levels in a generation.
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