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Single Family Homes Are 1/3 of US Rentals
The 2016 American Community Survey shows that renters occupied 43.8 million residences in 2016, explained the US National Association of Home Builders Tuesday. Of these rental homes, 34.8 per cent are one-unit single-family homes, 17.7 per cent are 2-4 unit structures. Therefore, more than half of all renters, approximately 53 per cent, lived in buildings…
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US Housing Starts: December 2017
Total housing starts in the US declined in December after strong readings for prior months due to weather-related delay effects in autumn. Total starts decreased 8 per cent to a 1.19 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD Friday. Nonetheless, over the course of 2017…
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US Home Sales, House Prices, Construction Spending: Nov 2017
The latest data out of various US home building and sales agencies show a housing construction market much hotter than was anticipated in most projections for 2017. Construction spending in the US during November 2017 was estimated at a seasonally adjusted annual rate of US$1,257 billion, 0.8 per cent above the revised October estimate…
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US Housing Market Update: Aug and Sept 2017
The S&P CoreLogic Case-Shiller US National Home Price Index, reported Tuesday, had a 6.1 per cent annual gain in August, up from 5.9 per cent in the previous month. The 10-City Composite annual increase came in at 5.3 per cent, up from 5.2 per cent the previous month. The 20-City Composite posted a 5.9 per…
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US New Home Sales: September 2017
Contracts for new US home sales expanded by 18.9 per cent in September to a 667,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau Wednesday. The solid reading in September returns new home sales to the positive growth trend it has been on for several…
