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Tag: US home sales

US Construction Job Openings: August 2017

US Construction Job Openings: August 2017

The count of unfilled jobs in the US construction sector continued to rise in August, reaching the highest level since February 2007, according to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis. The number of open construction sector jobs increased to 247,000 in August. This represents a 34 per cent increase since August 2016. US Construction Job Openings: August 2017 According to the BLS Job Openings and Labor Turnover Survey (JOLTS) and NAHB analysis released Wednesday,…

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US New Home Sales: August 2017

US New Home Sales: August 2017

CoreLogic Tuesday released its CoreLogic Home Price Index (HPI) and HPI Forecast for August 2017, which shows US home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.9 per cent from August 2016 to August 2017, and on a month-over-month basis, home prices increased by 0.9 per cent in August 2017 compared with July 2017, according to the CoreLogic HPI. The CoreLogic HPI is a three month weighted…

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US Construction Spending: August 2017

US Construction Spending: August 2017

Overall construction spending in the US during August 2017 was estimated at a seasonally adjusted annual rate of $1,218.3 billion, 0.5 per cent above the revised July estimate of US$1,212.3 billion, according to the Census Bureau Monday. NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate of US$520.9 billion in August, 0.5 per cent up from downwardly revised July estimates. US Construction Spending: August 2017 The monthly gains…

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US New Home Sales: August 2017

US New Home Sales: August 2017

Contracts for new single-family home sales in the US declined 3.4 per cent in August to a 560,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau Tuesday. This was the second month of decline for the pace of new home sales and the weakest rate since December of last year. The three-month moving average of new home sales also weakened to 585,000, the lowest since January of this year. US…

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Renting in USA: New Reality

Renting in USA: New Reality

A total of 43 million Americans were renters in 2016, and of that number 47.7 per cent were cost-burdened, meaning these consumers spend more than 30 per cent of their income on housing, a threshold long used by the federal government to identify “rent-burdened” households, according to the US Census Bureau’s 2015 American Community Survey. Nearly half of renter households (48 per cent) in the US were rent-burdened in 2015. THE DEMOGRAPHICS OF COST-BURDENED RENTERS: 2017 A total of 43…

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North American Sawmill Capacity Utilization and Lumber Production: June 2017

North American Sawmill Capacity Utilization and Lumber Production: June 2017

Rates of production as percent of practical capacity for North American sawmills for June 2017 rose from May to 85% in the US, compared to 86% the previous year and 86% for full year 2016, said the latest issue of the Western Wood Products Association Lumber Track Monday. Capacity utilization of sawmills in Canada for June dropped to 93% from May. In June last year and for full year 2016 it was 91%. North American Sawmill Capacity Utilization and Lumber…

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US House Price Index and Pending Home Sales: June 2017

US House Price Index and Pending Home Sales: June 2017

The Case-Shiller US National Home Price Index, reported by S&P Dow Jones Indices Tuesday, rose at a seasonally adjusted annual growth rate of 4.4 per cent in June, faster than the 3.2 per cent in April and the 3.7 per cent in May. US HOUSE PRICE INDEX AND PENDING HOME SALES: JUNE 2017 The Case-Shiller US National Home Price Index, reported by S&P Dow Jones Indices Tuesday, rose at a seasonally adjusted annual growth rate of 4.4 per cent in…

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US New and Existing Home Sales, Prices, Inventory: July 2017

US New and Existing Home Sales, Prices, Inventory: July 2017

According to the US Census Bureau and the US Department of Housing and Urban Development Wednesday, sales of new single-family homes in the US fell 9.4 per cent over the month of July to a seasonally adjusted annual rate of 571,000. Despite the declines, sales over the first seven months of 2017 are 9.2 per cent above their level over the same period in 2016. US HOME SALES, HOUSE PRICES, ARCHITECTURE BILLINGS: 2017 Despite gains in the US West and…

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US Home Equity for New Small Businesses

US Home Equity for New Small Businesses

Equity in a home was used as a source of capital to start 284,618 businesses in the US—7.3 per cent of all businesses—according to a new source of data released August 10 by the US Census Bureau. The new data source is the Annual Survey of Entrepreneurs, which collects economic and demographic information on businesses and business ownership in all major US industries. The ASE collects data on an annual basis for three years beginning with reference year 2014. US…

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US Private Residential Construction Spending: June 2017

US Private Residential Construction Spending: June 2017

National Association of Home Builders analysis of Census Construction Spending data released Tuesday shows that total private residential construction spending stood at a seasonally adjusted annual rate of $US502.9 billion in June, 0.2 per cent lower than downwardly revised May estimates. It was the third consecutive monthly decrease after a strong start this year. Nevertheless, the total private residential construction spending was 9.2 per cent higher than a year ago. US Residential Construction Spending The monthly declines in US construction…

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