Tag Archives: Census Bureau

Home building in the U.S. slowed to the slowest pace in seven months after reaching a nine-year high, reflecting growing concerns in the construction sector and adding to inventory worries.

What is driving the increase in new residential home sales while existing-home sales are disappointing?

Home building rebounded this month with a surge in single-family home construction, inducing starts, permits, and completions, signaling newfound confidence in the housing market and economy.

New single-family home sales and the median home price began the year on weak note in terms of the monthly changes, but there are some optimistic signs behind the data.

Housing starts declined for the second consecutive month in January, despite industry forecasts that they would recover from the previous month's decrease.

Residential construction was tricky in December 2015 as both housing starts and building permits posted disappointing numbers, but builder confidence remains elevated and year-end totals hit 2007 levels.

New single-family home sales experienced continued growth in November, with the number of new home sales increasing on a seasonally-adjusted annual basis the U.S. Census Bureau and HUD reported Wednesday.

HUD and the U.S. Census Bureau jointly announced Thursday the new residential sales reached a seasonally adjusted annual rate of 552,000 in August 2015, the highest level since February 2008.

Single-family homes built-for-rent rose to approximately 8,000 starts for the second quarter of 2015, compared to about 6,000 in the same period last year, according to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and National Association of Home Builders analysis.

The report also reveals that the median sales price of homes sold in March was $277,000, while the average price was $343,000. Additionally, by the end of March, the number of new homes on the market was 213,000. At the current sales rate, this supply should last approximately 5.3 months. Results of the report are gathered through sample surveys, and the majority of houses are chosen randomly from selected building permits. Census field representatives collect the data, visit permit offices, and track when single-family units are started, completed and sold.