A dip in mortgage rates and a backlog of empty homes helped power sales of newly constructed houses for the second-straight month in January, according to data from the US Census Bureau
Overall housing starts clocked in at a seasonally adjusted annual rate of 1,382,000, 1.4% below levels recorded in November, according to new data released Thursday by the US Census Bureau
New-home sales rose 5.8% to a seasonally adjusted rate of 640,000, according to data released Friday by the US Census Bureau and Department of Housing and Urban Development
Housing starts fell 0.5% below October levels, to a seasonally adjusted rate of 1.43M, while completions rose 10.8% month over month, according to US Census Bureau data issued Tuesday
Sales of new single family homes clocked in at a seasonally adjusted annual rate of 685,000 in August, up from 532,000 in July, according to new US Census data released Tuesday
Spending on construction in the US has been growing for years, but amid rising rates and a stalling market that trend appears to be coming to an end
Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6% below the levels seen in July 2021, according to data released Tuesday by the US Census Bureau
Sales of new homes in June were at a seasonally adjusted rate of 590,000, 8% below the May rate of 642,000, and 17.4% lower than in June 2021, according to new data from the US Census Bureau
Sales of newly built homes shot up 10.7% from April to May, with 696,000 new homes sold over the course of the month, according to data released Friday by the US Census Bureau
Housing starts clocked in at a seasonally adjusted rate of 1,549,000, a 14.4% decline from revised April levels, according to the US Census Bureau and Dept. of Housing and Urban Development
The slowdown in construction activity comes as the average for a 30-year loan rose to 5.3% last week, up from 2.49% a year ago, according to new data released by the US Census Bureau
American homebuilders tallied 1,769,000 new housing starts in February 2022, a 6.8% uptick from January, according to data released Thursday by the US Census Bureau
Opinion
Just this month, the U.S. Census Bureau announced it would ask respondents their sexual orientation and gender identity when conducting its Household Pulse Survey. Here's what the latest report revealed
Housing starts are up 11.1% over November 2018 while permits increased by 13.6%
Building permits, housing starts and completions all rose