Eye On Housing
Author Archives
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Employment Rose in Most States in December 2017
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 ›
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LMI Indicates Continued Improvement Across The Country
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 ›
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Permits Grow Across Most States, Hurricane Effect Fading
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 ›
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Employment Rose in Most States
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 ›
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States in the South and West Led 2017 Population Growth
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 ›
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Most States Saw Permits Growth Over October YTD
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 ›
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State Economies Contribution to Nationwide GDP Growth
Real gross domestic product (GDP) increased in 48 states and the District of Columbia in the second quarter of 2017, according to the U.S. Bureau of Economic Analysis. The majority of the states, 44, and the District of Columbia posted an acceleration in its annualized rate from the first quarter of 2017 to the second quarter of 2017 while only… Read More ›
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Garages in New Homes: 2016 Data
A majority of new homes that completed construction in 2016 included two-car garages, according to NAHB analysis of Census Bureau Survey of Construction data. For new single-family completions in 2016, 63% of homes offered a two-car garage. Another 22% of homes possessed a garage large enough to hold three or more cars. Just 6% of newly-built homes had a one-car garage, and… Read More ›
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LMI Indicates Continued Improvement Across The Country In The Third Quarter
According to the NAHB/First American Leading Markets Index (LMI), 84 percent, 282 metropolitan statistical areas, recorded growth in their LMI Score over the third quarter of 2017. 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 (MSAs), as well as… Read More ›
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Florida Accounts for Much of Nationwide Decrease in Employment
According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 28 states and decreased in 23 states and the District of Columbia in September 2017 compared to August 2017. Although the majority of states recorded a monthly increase, the decline across the state of Florida was large enough to offset those gains. As a result, payroll employment nationwide… Read More ›