Housing starts fell by 8% from May to June, the Census Bureau and Department of Housing and Urban Development jointly reported Wednesday. June’s starts were at a seasonally adjusted annual rate of 1,434,000, compared with May’s revised 1,559,000.
Tag: Census Bureau
Construction Spending Increases for Fifth Consecutive Month
The Census Bureau on Monday reported construction spending increased in May to a seasonally adjusted annual rate of $1,925 billion, 0.9 percent above the bureau’s revised April estimate.
Housing Starts Leap in May
Privately owned housing starts in May hit a seasonally adjusted annual rate of 1,631,000, the Census Bureau and Department of Housing and Urban Development jointly reported Tuesday.
Construction Spending Climbs Slightly
Construction spending rose 1.2% during April, the Census Bureau reported Thursday.
April Housing Starts Up 2.2%
Housing starts posted a modest increase in April, the Census Bureau and HUD reported Wednesday.
March Construction Spending Up 0.3%
Construction spending in March rose by 0.3 percent from February and by nearly 4 percent from a year ago, the Census Bureau reported Monday.
With Homeowners Sitting, Buyers Turn to New Homes
March new home sales jumped by nearly 10 percent from February, HUD and the Census Bureau reported Tuesday, as home buyers turned away from existing home sales.
March Housing Starts Down 1%; Single-Family Starts, Permits, Completions Up
Housing starts fell by 0.8 percent in March, the Census Bureau and HUD reported Tuesday, although single-family starts, permits and completions all rose amid growing home builder sentiment.
MBA Chart of the Week, Apr. 14, 2023: Number of Homes Available for Sale
MBA’s forecast calls for a gradual recovery in home purchase activity in the second half of 2023, driven by some catch-up buying from 2022 when mortgage rates surged and by younger age cohorts entering homeownership. However, this recovery will be dependent on affordability conditions improving
Construction Spending Dips in February
The Census Bureau on Monday reported construction spending in February dipped to a seasonally adjusted rate of $1,844.1 billion, 0.1 percent below the revised January estimate of $1,845.4 billion. The …