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Housing Starts, US
US home building rebounded in September on the strength of apartment construction, a category that provides less of an economic boost than single-family homes. Housing starts rose 6.3 per cent in September from a month earlier to a seasonally adjusted annual rate of 1.017 million units, the Commerce Department said Friday. Building permits increased 1.5…
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US Builder Confidence
The US Home Builder Confidence Index, which measures confidence in the market for new single-family homes, declined by five points to a seasonally adjusted level of 54 in October, the National Association of Home Builders said Thursday. A reading over 50 means most builders generally see positive conditions. The index jumped in September to 59,…
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US Mortgages
Warren Buffet, head of multi-billion dollar investment firm Berkshire Hathaway, said Tuesday he is surprised Americans are not “lining up now to get mortgages to buy a home.” He is puzzled by the sluggish rebound in US home construction amid near record-low interest rates and a broader recovery in the economy. At a conference hosted…
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US Supply of New Homes: August
The August increase of the pace of new home sales pushed the months’ supply measure of inventory to its lowest level in more than a year. According to estimates from the Census Bureau and HUD released Thursday, on a nonseasonally adjusted basis the inventory of for-sale newly built homes stood at 206,000 in August. This…
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New Home Sales, US
In a joint release the Census Bureau and Department of Housing and Urban Development reported Wednesday that newly constructed single family homes sold at a seasonally adjusted annual pace of 504 thousand in August, up 18 per cent from July and 33 per cent from August 2013. The supply of new homes available for sale…
