A gauge of home-builder sentiment hit its highest level since November 2005, reflecting confidence in a steadily improving U.S. housing market. An index of builder confidence in the market for new single-family homes stood at a seasonally adjusted level of 60 in July, the National Association of Home Builders said Thursday. A reading over 50 [...]
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for March 2015: Building Permits, Housing Starts and Housing Completions. Read the full report here >
Total housing starts for 2014 topped the one million mark for the first time since 2007. Census and HUD reported December housing starts and revised estimates for October and November that pushed total construction to 1,005,800 for 2014. December levels were up 4.4% from November at 1,089,000. The late year push was led by single-family [...]
Housing starts declined 1.6 percent, the first drop since August, to a 1.03 million annualized rate from a revised 1.05 million pace in October that was stronger than previously estimated, figures from the Commerce Department showed today in Washington. The decrease was led by a plunge in the South as other areas registered gains. Read [...]
The most economical new single-family homes are started in the South, where not only lots are least expensive but sale and contract price per square foot are lowest in the nation. These homes rarely have basements and most are served by public water and septic systems. Read the full article on HousingEconomics.com >
Total townhouse construction was up on a year-over-year basis during the third quarter of 2014. According to NAHB analysis of Census data of Starts and Completions by Purpose and Design, single-family attached starts totaled 20,000 for the quarter, 17% higher than a year prior. Over the last four quarters, townhouse construction starts totaled 70,000, up [...]
"After falling for two straight months, nationwide sales of new homes jumped 18 percent in August to the highest level since May 2008." Read the full article on the Washington Business Journal.