Eye On Housing
Author Archives
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West Leads in Job Gains in October
Over the year, total nonfarm employment in October increased by 2.5 million jobs which is a 1.7% increase compared to October 2017. During this time, total nonfarm employment in the Western region increased by 2.3% and in the Southern region by 2.1%. The Midwest recorded the lowest gains at 1.4% during this time. According to the Bureau of Labor Statistics,… Read More ›
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Single-Family Permits: Declines in the Midwest and Northeast
Over the first nine months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 664,665. On a year-over-year basis, this is a 5.7% increase over the September 2017 level of 628,858. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits over the first nine months of 2018 was, 663,800 which is… Read More ›
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30-Year Mortgage Rate Continued to Increase in September
Information compiled by Freddie Mac shows that mortgage rates are continuing to increase after a slight slowdown in the summer months. The 30-year FRM – Commitment rate, inched up by eight basis points to 4.63 percent from 4.55 percent in August. The September increase of the 30-year FRM – Commitment rate, is at its peak level since the beginning of… Read More ›
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South Leads in Job Gains in September
Over the year, total nonfarm employment in September increased by 2.5 million jobs which is a 1.7% increase compared to September 2017. During this time, total nonfarm employment in the Southern region increased by 2.5% and in the Western region by 2.4%. The Midwest and the Northeast recorded the lowest gains at 1.3% during this time. According to the Bureau… Read More ›
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Single-Family Residential Permits Decline in Northeast
Over the first eight months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 599,117. On a year-over-year basis, this is a 6.6% increase over the August 2017 level of 561,938. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits over the first eight months of 2018 was, 599,200 which is… Read More ›
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Garages in New Homes: 2017 Data
A majority of new homes that completed construction in 2017 included two-car garages, according to NAHB analysis of 2017 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions. Except for West North Central division, the 2-car garage was the largest share of the completed homes in all other divisions…. Read More ›
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Slight Increase in Mortgage Rates in August
The Federal Housing Finance Agency reported that mortgage rates on purchases of newly built homes (MIRS) rose by three basis points over the month of August 2018 to 4.63 percent, marking the tenth consecutive monthly increase. The FHFA contract rate for newly-built homes, also inched up one basis points to 4.63 percent in August. Information compiled by Freddie Mac suggests… Read More ›
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Southwest Region Led GDP Growth in the First Quarter of 2018
Real gross domestic product (GDP) increased in 48 states and the District of Columbia, declined in North Dakota and remained unchanged in Arkansas in the first quarter 2018 compared to the last quarter of 2017. U.S. Bureau of Economic Analysis reported the GDP growth rates, measured on a seasonally adjusted annual rate basis, ranged from 3.6% in Washington to a decline… Read More ›
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Northeast and Midwest Lags in Job Gains in August
Over the year, total nonfarm employment in August increased by 2.3 million jobs which is a 1.6% increase compared to August 2017. During this time, total nonfarm employment in the Western region increased by 2.4% and the Southern region increased by 2.1%. The Midwest recorded the lowest gains at 1.3% during this time. According to the Bureau of Labor Statistics,… Read More ›
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Western and Southern States Posts Single-Family Residential Permits Growth
Over the first seven months of 2018, the total number of single-family permits issued year-to-date (YTD) nationwide reached 521,438. On a year-over-year basis, this is a 7.0% increase over the July 2017 level of 487,495. The preliminary results from the New Residential Construction Survey are similar, year-to-date single-family permits over the first seven months of 2018 was, 522,200 which is… Read More ›