New home sales fell significantly in May–to the weakest pace since late 2023, the U.S. census Bureau reported yesterday.
Tag: Wells Fargo Economics
New Home Sales Reach Strongest Pace Since September
Sales of new single‐family houses increased 8.8% in March to a seasonally adjusted annual rate of 693,000, according to the U.S. Census Bureau and HUD.
Construction Spending Picks Up
The U.S. Census Bureau estimated December 2023 construction spending increased 0.9% in December to a seasonally adjusted annual rate of $2,096.0 billion.
Inflation Increases Slightly in December
The headline inflation rate increased modestly during December, the Bureau of Labor Statistics reported Thursday.
Construction Spending Grows Again in November
Construction spending grew at a seasonally adjusted annual rate of $2,050 billion during November, 0.4% higher than in October, the U.S. Census Bureau reported Tuesday.
Construction Spending Increases Again
The U.S. Census Bureau reported construction spending increased in August to a seasonally adjusted annual rate of $1,983.5 billion, 0.5 percent above the bureau’s revised July estimate.
Construction Spending Increases Again
The U.S. Census Bureau reported construction spending increased in August to a seasonally adjusted annual rate of $1,983.5 billion, 0.5 percent above the bureau’s revised July estimate.
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.
Builder Confidence Moves into Positive Territory
Solid demand, low existing inventory and improving supply chain efficiency shifted builder confidence into positive territory in June for the first time in 11 months, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
Construction Spending Climbs Slightly
Construction spending rose 1.2% during April, the Census Bureau reported Thursday.