By Dennis Norman, on July 27th, 2009
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, on June 16th, 2009
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 [...]
By Dennis Norman, on May 4th, 2009
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, on April 16th, 2009
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, on March 17th, 2009
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, on February 26th, 2009
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, on January 22nd, 2009
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, on December 16th, 2008
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 [...]
Most Commented on Posts