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Tag Archives: Census Bureau

Housing Starts Take a Tumble in December

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.

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New Home Sales Keep Rising in November

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.

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Single-Family Built-For-Rent Construction Rises in Q2

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.

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Single-Family New Home Sales Jump Nearly 20 Percent Year-Over-Year

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.

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U.S. Homeownership Rate Falls to Lowest in 20 Years

According to figures released Thursday by the Census Bureau, the share of American homeowners hit 64.0 percent in Q4 2014, down from 64.4 percent in the previous quarter. Historical data shows the last time homeownership was so low was in Q4 1994, when the rate was 59.6 percent.

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New Home Purchase Apps Jump 8% in October

MBA released on Thursday its Builder Applications Survey for October, revealing an 8 percent monthly pickup in new home purchase applications after a flat September. Mike Fratantoni, chief economist for the group, noted that the biggest increase came in applications for higher-priced homes.

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