Eye On Housing
Author Archives
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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 ›
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Employment Situation in January: State-Level Analysis
Nonfarm payroll employment increased in 36 states in January compared to the previous month while 14 states and the District of Columbia reported job losses. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 166,000 in January, following a decrease of 140,000 jobs in December. On a month-over-month basis, employment data was strong in Minnesota… Read More ›
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Strong Single-Family Permit Gains in January
Over the first month of 2021, the total number of single-family permits issued year-to-date (YTD) nationwide reached 83,921. On a year-over-year (YoY) basis, this is a 19.2% increase over the January 2020 level of 70,386. Year-to-date ending in January, single-family permits reported increases in all four regions. The relatively more affordable Midwest reported the strongest increase of 21.5%, followed by… Read More ›
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Single-Family Permits End On A Strong Note In 2020
For 2020, the total number of single-family permits issued year-to-date (YTD) reached 977,863 nationwide. On a year-over-year (YoY) basis, this is a 14.5% increase over the December 2019 level of 854,158. Year-to-date ending in December, single-family permits reported increases in all four regions. The South reported the strongest increase by 16.9%, followed by the Midwest (+13.1%), the Northeast (+11.6%), and… Read More ›
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Job Growth Decline in December: State-Level Analysis
Nonfarm payroll employment increased in 29 states and the District of Columbia in December compared to the previous month but the job losses in the remining 21 states erased the job gains. The largest increase came from Texas, which added 64,200 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment decreased by 140,000… Read More ›