Eye On Housing
Author Archives
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State-Level GDP in the First Quarter of 2021
Real gross domestic product (GDP) increased in all 50 states and the District of Columbia in the first quarter of 2021 compared to the last quarter of 2020. According to the U.S. Bureau of Economic Analysis (BEA), the percent change increase in real GDP ranged from 10.9 percent in Nevada to 2.9 percent in the District of Columbia. Nationwide, growth in… Read More ›
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Employment Situation in May: State-Level Analysis
Nonfarm payroll employment increased in 33 states and the District of Columbia in May compared to the previous month while 16 states lost jobs. North Dakota remained unchanged. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 559,000 in May, following an upwardly revised increase of 278,000 jobs in April. On a month-over-month basis, employment… Read More ›
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April Single-Family Permit Gains; Austin 2nd Largest Multifamily Market
Over the four months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 384,196. On a year-over-year (YoY) basis, this is a 35.6% increase over the April 2020 level of 283,344. Year-to-date ending in April, single-family permits reported increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 49.8%, followed by… Read More ›
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Employment Situation in April: State-Level Analysis
Nonfarm payroll employment increased in 33 states and the District of Columbia in April compared to the previous month while 17 states lost jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 266,000 in April, following an increase of 770,000 jobs in March. On a month-over-month basis, employment data was strong in California, which… Read More ›
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Strong Single-Family Permit Gains in March
Over the three months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 276,110. On a year-over-year (YoY) basis, this is a 25.3% increase over the March 2020 level of 220,416. Year-to-date ending in March, single-family permits reported increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 40.0%, followed by… Read More ›
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New Home Sales Jump in March on High Consumer Demand
New single-family home sales surged in March as housing demand was supported by low interest rates and strong consumer demand, despite the ongoing building materials challenges impacting the housing industry. The U.S. Department of Housing and Urban Development and the U.S. Census Bureau estimated sales of newly built, single-family homes in March at a 1.02 million seasonally adjusted annual pace,… Read More ›
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Employment Situation in March: State-Level Analysis
Nonfarm payroll employment increased in 49 states and the District of Columbia in March compared to the previous month while Alaska lost just 200 jobs. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 916,000 in March, following an increase of 468,000 jobs in February. On a month-over-month basis, employment data was strong in California,… Read More ›
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Strong Single-Family Permit Gains in February
Over the first two months of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 164,901. On a year-over-year (YoY) basis, this is a 16.6% increase over the February 2020 level of 141,467. Year-to-date ending in February, single-family permits showed increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 24.0%, followed… Read More ›
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Employment Situation in February: State-Level Analysis
Nonfarm payroll employment increased in 33 states in February compared to the previous month while 16 states and the District of Columbia reported job losses. Montana reported no change in employment. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 379,000 in February, following an increase of 117,000 jobs in January. On a month-over-month basis,… Read More ›
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State-Level GDP in 2020
Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia in 2020 compared to 2019 as a result of widespread economic shutdown due to COVID-19. According to the U.S. Bureau of Economic Analysis (BEA), the percent change in real GDP ranged from 0.1 percent decline in Utah to 8.0 percent decline in Hawaii. Nationwide, growth in… Read More ›