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US New Home Sales, Prices: August 2015
Sales of newly built homes reached the highest level since early 2008 in August, evidence that demand for housing is strengthening heading into autumn. Sales of new, single-family homes rose by 5.7 per cent to a seasonally adjusted annual rate of 552,000, the Commerce Department said Thursday. US New Home Sales New- home sales account…
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US Existing Home Sales, Prices: August 2015
Existing home sales tumbled 4.8 per cent in August to a 5.31 million seasonally adjusted annual rate, the National Association of Realtors said Monday, the steepest month-to-month decline since January, when they fell 4.9 per cent. Existing Home Sales, US Behind the decline in existing home sales were particularly big drops in the West and…
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US Home Sales, July
A forward-looking gauge of US home purchases slipped in June, after hitting its highest level in more than nine years in May, the National Association of Realtors said last month. A separate report from the industry group showed sales of previously owned homes increased 3.2 per cent in June to a seasonally adjusted annual rate…
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Construction Spending US: May 2015
The Census Bureau reported Wednesday that overall construction spending in the US increased in May: The US Census Bureau of the Department of Commerce announced that construction spending during May 2015 was estimated at a seasonally adjusted annual rate of US$1,035 billion, 0.8 per cent above the revised April estimate of US$1,027 billion. The May…
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Homeownership vs Rental Rates, US
Amercia’s homeownership rate has been falling for eight years, down to 63.7 per cent in 1Q this year from a peak of over 69 per cent in 2004, according to a new report released by Harvard University’s Joint Center for Housing Studies, said the New York Times Wednesday. The flip side of the decline in…
