Eye On Housing
Author Archives
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Job Growth Strongest Across States in the West and the South
According to the Bureau of Labor Statistics, nonfarm payroll employment increased in 40 states and the District of Columbia, and decreased in 10 states in March 2018 compared to February 2018. Year-over-year, 48 states and the District of Columbia increased in employment while two states, Alaska and North Dakota lost payroll employment during this time. However, the gains across most… Read More ›
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Most States Record YTD SF Permits Growth in February 2018
Over the first two months of 2018, the total number of single-family permits issued nationwide reached 123,871. On a year-over-year basis, this is an 11.2% increase over the February 2017 level of 111,356. The results from the SOC are similar, single-family permits over the second month of 2018 was, 122,800 which is 10.2% ahead of its level over the same… Read More ›
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Strong Employment Growth Across Most States in February 2018
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 ›
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GDP Grew In Every State in the Third Quarter Of 2017
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 ›
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Permits Rise in January 2018
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 ›
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Core Inflation Remains Steady
Consumer prices, measured by the Bureau of Labor Statistics’ (BLS) Consumer Price Index – All Urban Consumer (CPI), rose by 0.2 percent in February after the CPI posted its biggest gain in four years of 0.5 percent in January. Energy price growth slowed over the month to 0.1 percent, from 3.0 percent in January. Meanwhile, core inflation, which excludes the more volatile… Read More ›
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Permits Grow Across Most States Over 2017
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 ›
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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 ›