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Tag Archives: Census Bureau

Homeownership Rate Tumbles to 19-Year Low

According to figures released by the Census Bureau Tuesday, homeownership dropped last quarter to a rate of 64.8 percent, 0.4 percentage points lower than Q4 2013 and the lowest rate since the third quarter of 1995. Quarter-to-quarter, homeownership was down in all regions except the West, though at 59.4 percent, it remains lower in that region than in any other.

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Report Offers Second Opinion on March Home Sales

On Thursday, RealtyTrac released its Residential & Foreclosure Sales Report, which showed modest gains in U.S. residential sales in March. The firm reported that March showed a 0.4 percent uptick in overall transactions compared to February and a full 8 percent increase over sales in March 2013. RealtyTrac’s data clashes with other reports released this week about March sales.

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March New Home Sales Dive to Eight-Month Low

The pace of new home sales plunged in March to their lowest level in eight months, driving down hopes of a seasonal renewal in housing activity. Monthly data released Wednesday by HUD and the Census Bureau shows sales of new homes last month plummeting 14.5 percent from February to an estimated seasonally adjusted yearly rate of 384,000. The last time transactions ran so low was last July, when they came to 383,000.

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Housing Starts Miss Expectations; Permits Fall

Homebuilding across the country lifted slightly in March but still fell short of expectations, while permits for new housing tumbled. According to figures released Wednesday by the Census Bureau and HUD, March housing starts were at a seasonally adjusted annual rate of 946,000, 2.8 percent above February’s revised estimate but below a consensus forecast of 970,000 predicted in a survey of economists.

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New Home Purchase Applications Up 15%

The Mortgage Bankers Association (MBA) released Tuesday its Builder Application Survey for last month, with data showing a 15 percent month-over-month increase in new home purchase applications. Using application from the survey and other market assumptions, MBA estimates sales of new single-family homes in March ran at an adjusted annualized rate of 479,000 units, a decrease of 10.1 percent from February’s anticipated pace of 533,000.

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New Home Sales Retreat After January Surge

According to reports released Tuesday by the Census Bureau and HUD, new home sales in February ran at a seasonally adjusted annual rate of 440,000, down 3.3 percent from the revised January rate of 455,000 (originally recorded at 468,000). It was the weakest sales pace since September 2013. Compared to February 2013, last month’s sales rate was down by about 5,000 (1.1 percent).

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January Construction Spending Beats Forecast

The government’s latest report shows spending on all construction projects was up 0.1 percent from December, coming to an estimated seasonally adjusted annual rate of $943.1 billion. That figure is 9.3 percent ahead of January 2013’s estimate of $863.1 billion. Economists polled by Reuters had expected a 0.5 percent decline in spending to follow December’s originally reported 0.1 percent improvement.

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New Home Sales Spike 9.6% in January

According to estimates released Wednesday by the Census Bureau and HUD, new single-family homes sold at a seasonally adjusted annual rate of 468,000, up 9.6 percent from December’s upwardly revised rate of 427,000. Compared to last year, January sales increased 2.2 percent. The overall increase should come as welcome news to a market in slowdown.

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January Housing Starts Plummet

The Census and HUD announced jointly Wednesday that housing starts in January ran at a seasonally adjusted annual rate of 880,000, a 16 percent decline from December. The drop in starts came during a month in which homebuilder confidence in the single-family market (as measured by the National Association of Home Builders) measured at an index value of 57, reflecting general optimism.

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Construction Spending Inches Up in December, Touches 5-Year High

The Department of Commerce reported Monday that spending in December ran at a seasonally adjusted annual rate of $930.5 billion, 0.1 percent above November's revised estimate of $929.9 billion and 5.3 percent ahead of December 2012's $883.6 billion. December's figure was the highest since March 2009, when spending ran at a rate of $955.0 billion. Residential construction came in at a rate of $357.4 billion, its highest since June 2008.

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