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The Week Ahead: Spotlight on New Residential Construction

The U.S. Census Bureau will release its latest new residential construction report on Tuesday, 8:30 a.m. ET. The survey provides national and regional data on the number of new housing units authorized by building permits; authorized, but not started; started; under construction; and completed.

According to the previous report, privately‐owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,345,000—1.4 percent above the revised December rate of 1,326,000 and 1.5 percent below the January 2018 rate of 1,366,000. Single‐family authorizations in January were at a rate of 812,000. Authorizations of units in buildings with five units or more were at a rate of 482,000 in January. Privately‐owned housing starts in January were at a seasonally adjusted annual rate of 1,230,000. Privately‐owned housing completions in January were at a seasonally adjusted annual rate of 1,244,000.

Here’s what else is happening in the week ahead:

First American Real Home Price Index, Monday

  • Committee on Banking, Housing, and Urban Affairs Housing Reform Outline, Tuesday, 10:00 a.m. ET
  • S&P CoreLogic Case-Shiller HPI, Tuesday, 9:00 a.m. ET
  • FHFA House Price Index, Tuesday, 9:00 a.m. ET
  • MBA Mortgage Applications, Wednesday, 7:00 a.m. ET
  • NAR Pending Home Sales Index, Thursday, 10:00 a.m. ET
  • Fed Balance Sheet, Thursday, 4:30 p.m. ET
  • New Home Sales, Friday, 10:00 a.m. ET
  • Census Bureau New Residential Sales report, Friday

About Author: Donna Joseph

Donna Joseph is a Dallas-based writer who covers technology, HR best practices, and a mix of lifestyle topics. She is a seasoned PR professional with an extensive background in content creation and corporate communications. Joseph holds a B.A. in Sociology and M.A. in Mass Communication, both from the University of Bangalore, India. She is currently working on two books, both dealing with women-centric issues prevalent in oppressive as well as progressive societies. She can be reached at donna.joseph@thefivestar.com.
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