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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…
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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…
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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…
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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…
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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.…
