Eye On Housing
Author Archives
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Housing Rebound: Year-over-Year Gains for June Single-Family Permits
Over the first six months of 2020 – and after the onset of the impact of the coronavirus – total single-family permits issued year-to-date (YTD) nationwide reached 433,484. On a year-over-year (YoY) basis, this is an 3.8% increase over the June 2019 level of 417,453. Year-to-date ending in June, single-family permits across the four regions ranging from an increase of… Read More ›
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California Led with Employment Gains in June
Nonfarm payroll employment increased in all 50 states and the District of Columbia, in June compared to the previous month. The largest increase came from California, which added 558,200 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 4.8 million over the month of June, following an increase of 2.7 million… Read More ›
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Single-Family Permits Slow-Down in May
Over the first five months of 2020 – and at the onset of the impact of the coronavirus, total single-family permits issued year-to-date (YTD) nationwide reached 348,898. On a year-over-year (YoY) basis, this is an 2.0% increase over the May 2019 level of 342,116, but a slowdown compared to April YoY rate of 8.5%. Year-to-date ending in April, single-family permits… Read More ›
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GDP Decreases in All States and D.C. in the First Quarter of 2020
Real gross domestic product (GDP) decreased in all 50 states and the District of Columbia, in the first quarter of 2020 compared to the last quarter of 2019, as a result of the widespread shutdowns across the country due to COVID-19. The U.S. Bureau of Economic Analysis reported the real GDP growth rates, measured on a seasonally adjusted annual rate basis,… Read More ›
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Texas Led with Substantial Employment Gains in May
Nonfarm payroll employment increased in 49 states and decreased in Hawaii and the District of Columbia, in May compared to the previous month. The largest increase came from Texas, which added 237,800 jobs during this time. According to the Bureau of Labor Statistics, nationwide total nonfarm payroll employment increased by 2.5 million over the month of May, following a revised… Read More ›
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Single-Family Permits Robust in April
Over the first four months of 2020 – and at the onset of the impact of the coronavirus, total single-family permits issued year-to-date (YTD) nationwide reached 283,344. On a year-over-year (YoY) basis, this is an 8.5% increase over the April 2019 level of 261,119. Year-to-date ending in April, single-family permits across the four regions ranging from an increase of 11.5%… Read More ›
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Significant Regional Employment Losses in April
Year-over-year (YoY), total nonfarm employment fell by 19.4 million jobs on a seasonally adjusted basis (SA), or -12.9% from April 2019 to April 2020. During this time, total nonfarm employment decreased across all the regions. The Northeast declined by 18.2%, the Midwest by 14.5%, the Western region by 12.6% and the South by 10.7%. According to the Bureau of Labor… Read More ›
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Single-Family Permits Were Solid in March
Over the first three months of 2020 – and prior to the impact of the coronavirus, the total number of single-family permits issued year-to-date (YTD) nationwide reached 220,416. On a year-over-year (YoY) basis, this is an 18.9% increase over the March 2019 level of 185,336. Year-to-date ending in March, single-family permits reported growth across the four regions ranging from 21.7%… Read More ›
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Widespread Job Losses Across the Country in March
Year-over-year (YoY), total nonfarm employment increased by 1.5 million jobs on a seasonally adjusted basis (SA), or 1.0% from March 2019 to March 2020. During this time, total nonfarm employment in the Western region increased by 1.2%. The South and the Northeast recorded gains at 1.0% and 0.2% respectively, during this time. Midwest recorded a decline of 0.2% for this… Read More ›
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Single-Family Permits Were Strong in February
Over the first two months of 2020 – and prior to the impact of the coronavirus, the total number of single-family permits issued year-to-date (YTD) nationwide reached 141,467. On a year-over-year (YoY) basis, this is a 21.8% increase over the February 2019 level of 116,189. Year-to-date ending in February, single-family permits reported growth across the four regions ranging from 27%… Read More ›