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Tag Archives: U.S. Census Bureau

New Residential Sales Head Back Up in July

New single-family home sales rebounded from disappointing June data, reaching a seasonally adjusted annual rate of 507,000, according to estimates released jointly today by the U.S. Census Bureau and HUD.

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Homeownership Rate Hits Lowest Point Since 1967

According to a report released Tuesday by the Department of Commerce's Census Bureau, this quarter's homeownership rate is the lowest since 1967 and the rate has been on a steady downward fall since 2009 when the rate was 67.4 percent for the second quarter.

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Residential Construction Spending Reaches $359.5 Billion for May

More money is being put into construction to meet constant demand from consumers. The U.S Census Bureau of the Department of Commerce announced today that construction spending for May reached an estimated amount of $1,035.8 billion, 0.8 percent increase from the revised April figure of $1,027 billion. Residential construction was at a seasonally adjusted annual rate of $359.5 billion in May, 0.3 percent above the revised April estimate of $358.5 billion.

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Industry Reports Show Upward Trends in Home Sales and Prices

The housing market is showing no signs of slowing down as new single-family home sales in May 2015 rose 2.2 percent to a seasonally adjusted annual rate of 546,000, the highest rate since February 2008, according to new residential sales data released jointly today by the U.S. Census Bureau and HUD.

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