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Tag Archives: Census Bureau

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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Construction Spending Rises 5% Through November 2013

Construction spending in November reached an estimated seasonally adjusted rate of $934.4 billion, up from $925.1 billion in October and $882.7 billion in November 2012, according to the Census Bureau. Private residential construction spending rose 1.9 percent to a seasonally adjusted $345.5 billion in November. Year-over-year private residential construction spending increased 16.6 percent. Single-family construction spending rose 1.8 percent over the month, while multifamily construction spending rose 0.9 percent.

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Housing Starts Reach Highest Rate in Almost 6 Years

November saw new housing starts jump to a nearly six-year high, the Census Bureau and HUD revealed Wednesday in a joint release. According to initial estimates, starts ran at a seasonally adjusted annual rate of 1.09 million, a 22.7 percent spike from October and the highest rate since February 2008. Single-family housing starts contributed 727,000 (adjusted annual rate) to November's total, while the rate for multifamily buildings was about 354,000.

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October New Home Sales Speed to Fastest Pace in Six Months

Sales of new single-family homes were at an estimated seasonally adjusted annual pace of 354,000 in September, Census and HUD reported. In October, the sales pace picked up to an estimated 444,000, an increase of 25.4 percent month-over-month and 21.6 percent year-over-year. As of month's end, the seasonally adjusted estimate of new houses for sale for 183,000, representing a 4.9 month supply at the current sales rate, the agencies reported.

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Spending Stalls for Home Construction in October

The Census Bureau released on Monday its construction spending numbers for both September and October, catching up on releases delayed by the partial government shutdown. In September, total construction spending was at a seasonally adjusted annual rate of $901.2 billion, down from August's $903.8 billion. Spending for total residential construction, however, perked up, rising to an annual rate of $334.5 billion. Spending on homebuilding in October was down from the previous month, falling to an estimated rate of $332.9 billion.

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Housing Permits Climb to 5 1/2-Year High in October

The Census Bureau and HUD jointly released their data on building permits for September and October, with data on housing starts and completions postponed due to a lack of funds as a result of the government shutdown. In October, privately owned housing units authorized by building permits were at a seasonally adjusted rate of 1.034 million--the strongest figure since June 2008. Permit activity picked up for both single- and multifamily properties.

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