Eye On Housing
According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 43 states and the District of Columbia, unchanged in Wyoming, and decreased in six states in February 2018 compared to January 2018. Year-over-year, 46 states and the District of Columbia increased in employment while three states, Alaska, North Dakota, and Delaware, lost payroll employment during this time. Louisiana… Read More ›
Real gross domestic product (GDP) increased in every state and the District of Columbia in the third quarter of 2017, according to the U.S. Bureau of Economic Analysis. Thirty-one states and the District of Columbia recorded growth in the third quarter compared to the second quarter while 17 states reported a decline in this time period. Two states, Tennessee, and Utah… Read More ›
Over the first month of 2018, the total number of single-family permits issued nationwide reached 61,767. On a year-over-year basis, this is a 15.1% increase over the January 2017 level of 53,648. The results from the SOC are similar, single-family permits over the first month of 2018 was, 61,100 which is 14.0% ahead of its level over the same period… Read More ›
Over the twelve months ending in December 2017, the total number of single-family permits issued nationwide reached 817,319. This is 9.6% ahead of its level over the first twelve months of 2016, 745,525. The results from the SOC are similar, single-family permits over the first twelve months of 2017, 817,700 are 8.9% ahead of their level over the same period… Read More ›
According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 33 states and the District of Columbia, unchanged in two states, and decreased in 15 states in December 2017 compared to November 2017. Year-over-year, 49 states increased employment while two states lost payroll employment during this time. As a result payroll employment nationwide rose in December. The largest… Read More ›
According to the NAHB/First American Leading Markets Index (LMI), 82%, 277 metropolitan statistical areas, recorded growth in their LMI Score over the fourth quarter of 2017 compared to a year ago. The index uses single-family housing permits, employment, and home prices to measure proximity to a normal economic and housing market. The index is calculated for 337 local markets, metropolitan statistical areas… Read More ›
Over the eleven months ending in November 2017, the total number of single-family permits issued nationwide reached 761,229. This is 10.2% ahead of its level over the first eleven months of 2016, 690,836. The results from the SOC are similar, single-family permits over the first eleven months of 2017, 761,100 are 10.3% ahead of their level over the same period… Read More ›
According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 32 states and decreased in 17 states and the District of Columbia in November 2017 compared to October 2017 while the level of employment in Maine remained unchanged. Year-over-year, 47 states increased employment while four states lost payroll employment during this time. As a result payroll employment nationwide… Read More ›
The U.S. population grew by 2.3 million between July 1, 2016, and July 1, 2017, representing a 0.7% increase from 323.4 million to 325.7 million according to the U.S. Census Bureau’s national and state population estimates. Despite some volatility, U.S. population growth has been slowly declining since 1992 as shown by the chart below. Over the 1990 to 1999 period… Read More ›
According to the Census Bureau’s Building Permits Survey (BPS), over the first ten months of 2017 the total number of permits, which included single-family and multi-family, issued nationwide on a not seasonally adjusted basis reached 1,070,750. This is 6.8% ahead of its level over the first ten months of 2016, 1,002,139. These data are taken from the Builder Permits Survey… Read More ›