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Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in June were at a seasonally adjusted annual rate of 384,000, an 11% increase from May. The year over year decline lessened, June’s numbers are down 21.3% from a year ago which is a substantial improvement over May’s [...] By: Dennis Norman This morning the US Census Bureau and US Department of Housing and Urban Development (HUD) issued a their report on New Residential Construction for May 2009 showing a slight increase in new home construction activity. The report shows the following: Building permits issued for single-family residences in May were at an annual rate of 408,000 which is a [...] Dennis Norman By: Dennis Norman Today the U.S. Census Bureau released it’s construction spending report for March, 2009 showing that spending on private, residential construction was at a seasonally-adjusted annual rate of $258.4 billion. This is down 4.2% from February and down 34% from a year ago. In light of what is going on in the housing market [...] By: Dennis Norman Today the U.S. Department of Commerce reported new home starts for March were down 10.8% from February and down 48.4% from a year ago. This is a sharp contrast to last months numbers which showed a 22% increase over January. However, like I said in my post last month, I don’t think the increase was necessarily good news with [...] By: Dennis Norman Today the U.S. Department of Commerce reported new home starts for February were up over 22% from January although still over 47% down from a year ago. This increase was unexpected and judging by the many news stories and blog posts I have seen today is apparently being viewed as good news. I don’t [...] By: Dennis Norman This morning the U.S. Department of Commerce released a report showing the sale of New Homes in January was down 10.2% from December and down over 48% from a year ago. There is some good news in this report…consistent with the last few months, the number of new homes available for sale [...] By: Dennis Norman Today the US Census Buruea and US Department of Housing and Urban Development (HUD) issued a report on December new home starts, permits and completions. Once again the numbers in all three categories dropped. Building permits for privately-owned housing units at an annual rate of 548,000 for December fell 10.7% from November and was [...] By: Dennis Norman
Today the US Department of Commerce released a report on new residential construction for November 2008. Like so many real estate-related reports we are seeing today it was not pretty. The report, a joint release of the US Census Bureau and the US Department of Housing and Urban Development says building permits for [...] |
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