Tag Archive for ‘state and local markets’

Single-Family Permit Decline in February

Over the first two months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 116,189. On a year-over-year basis, this is a 6.2% decline over the February 2018 level of 123,871. Year-to-date ending in February, single-family permits reported growth only in the Northeast region of the country. The South, Midwest, and the West regions declined by… Read More ›

Florida Leads Job Gains in February

Total nonfarm employment, seasonally adjusted (SA) increased by 2.5 million jobs, year-over-year (YoY), or 1.7% from February 2018 to February 2019. During this time, total nonfarm employment in the Western and Southern regions increased by 1.7%. The Midwest and the Northeast recorded the lowest gains at 0.7% and 0.8% respectively, during this time. According to the Bureau of Labor Statistics,… Read More ›

Permit Growth Stable in December

Over the year 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 852,856. On a year-over-year basis, this is a 4.3% increase over the December 2017 level of 817,319. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits for the year 2018, was 852,700 which is 4.0% ahead of its level over… Read More ›

Rocky Mountain and the Far West Led GDP Growth in the Third Quarter of 2018

Real gross domestic product (GDP) increased in 49 states and the District of Columbia, in the third quarter 2018 compared to the second quarter of 2018. U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from 5.8% in Washington to 0.0% in West Virginia. Nationwide, real GDP growth slowed to… Read More ›

Permit Growth Flat in November

Over the first eleven months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 799,679. On a year-over-year basis, this is a 5.1% increase over the November 2017 level of 761,229. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits over the first eleven months of 2018 was, 800,000 which is… Read More ›

U.S. Population Growth Persists but Growth Rate Slows

The U.S. population grew by 2.0 million between July 1, 2017 and July 1,2018, representing a 0.6% increase from 325.1 million to 327.2 million, according to the U.S. Census Bureau’s national and state population estimates. The 2017 population estimates were revised downward by about 0.6 million, from 325.7 million in the Census’s previous iteration of its estimation methodology. Despite initial… Read More ›

Southwest and the Plains Led GDP Growth in the Second Quarter of 2018

Real gross domestic product (GDP) increased in all 50 states and the District of Columbia, in the second quarter 2018 compared to the first quarter of 2018. U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from 6.0% in Texas to 2.5% in Delaware. Boosted by the growth in majority… Read More ›