January new home sales fell by 4.5% amid supply chain and inventory shortages, HUD and the Census Bureau reported Thursday.
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January Housing Starts Down 4.1%
Housing starts stumbled out the gate in January amid ongoing supply chain issues and labor shortages, HUD and the Census Bureau reported Thursday.
Homeownership Rate Holds Steady; Vacancy Rates Hit 38-Year Low
The nation’s homeownership rate held relatively steady at 65.5 percent in the fourth quarter, the Census Bureau reported this week. But analysts said the rate could be somewhat higher, given the current shortage of homes available for sale.
December Pending Home Sales Slide 3.8%
Pending home sales fell in December, marking two straight months of declines, the National Association of Realtors reported Thursday. All four regions posted both month-over-month and year-over-year drops in contract activity.
New Home Sales Finish 2021 on Solid Ground, But Down for Year
New home sales rose by nearly 12 percent in December, the highest level since last March, HUD and the Census Bureau reported Wednesday. Despite the improved numbers, however, sales were off from a year ago and 2021 sales fell by more than 7 percent from 2020.
Housing Starts End Year on Positive Note
Housing starts posted a modest increase in December, HUD and the Census Bureau reported Wednesday, and jumped by nearly 16 percent from a year ago.
December Employment Up 199,000; Unemployment Rate Falls Below 4%
Total nonfarm employment rose by just 199,000 jobs in December, well below consensus expectations, as employers continued to have trouble filling open positions, the Bureau of Labor Statistics reported Friday.
November Pending Home Sales Drop 2.2%
Pending home sales slipped in November, as every region saw monthly declines, the National Association of Realtors reported Wednesday.
November New Home Sales Up 12.4% After Sharp October Revision
HUD and the Census Bureau reported November new single-family home sales jumped by 12.4 percent in October—but only after significantly revising down October numbers.
Milder Weather Boosts November Housing Starts
New residential construction benefited from relatively mild November weather, HUD and the Census Bureau reported Thursday.