Eye On Housing
Author Archives
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Personal Income Up in July
The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income increased to a seasonally adjusted annual rate (SAAR) of $20,043 billion. It was up 0.4%, after a 1.0% decline in June. This increase in personal income largely came from the gains of wages and salaries ($149.9 billion) as the economy continued to reopen in… Read More ›
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Private Residential Construction Spending Up 2% in July
NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $546.6 billion in July. It was up 2.0% this month after four consecutive monthly decreases. Total private residential construction spending was 0.5% higher than a year ago. The monthly gain is largely attributed to the steady growth… Read More ›
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Private Residential Construction Spending Declined in June
NAHB analysis of the Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $534.2 billion in June. It was down 1.5% in June, after a 3.6% decline in May and a 4.4% decrease in April, due to the economic consequences of the COVID-19 lockdowns. On a year-over-year basis, total… Read More ›
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June Personal Income Declined 1.1%
The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income decreased in June to a seasonally adjusted annual rate (SAAR) of $19,880 billion. It dropped 1.1% in June, after a 4.4% decline in May. This decrease in personal income largely came from the decline in government social benefits, because the majority of one-time stimulus… Read More ›
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Second Quarter Homeownership Data Collection Challenges
The Census Bureau’s Housing Vacancy Survey (CPS/HVS) reported significant homeownership gains in the second quarter of 2020, especially among households headed by young adults under 35. National vacancy rates for both rental and homeowner housing also declined in the second quarter. The reported gains for homeownership are consistent with increases in both existing and new home sales in June. However… Read More ›
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Private Residential Spending Declined in May; Significant Revisions for Improvement Spending
NAHB analysis of the Census Construction Spending data shows total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $535.9 billion in May. It was down 4.0% in May, after a 5.1% decline in April, due to the economic consequences of the COVID-19 lockdowns. On a year-over-year basis, however, total private construction spending inched up 0.7%…. Read More ›
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May Personal Income Declined 4.2%
The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income decreased in May to a seasonally adjusted annual rate (SAAR) of $19,839 billion. It went down 4.2% in May, after a 10.8% jump in April. This decrease in personal income largely came from the decline in government social benefits, because the majority of one-time… Read More ›
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Private Residential Spending Slides in April
NAHB analysis of the Census Construction Spending data shows total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $536.8 billion in April. It was down 4.5% in April, after a 0.2% dip in March, due to the economic consequences of the COVID-19 lockdowns. On a year-over-year basis, however, total private construction spending rose 6.2%. The… Read More ›
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April Personal Income Up 10.5% Due to CARES
The most recent data release from the Bureau of Economic Analysis (BEA) showed that personal income surged in April to a seasonally adjusted annual rate (SAAR) of $20,674 billion. The 10.5% increase in personal income was largely the effects of Federal Pandemic Response Programs. Among the $360.5 billion increase in unemployment insurance, there were $132.0 billion in Pandemic Unemployment Compensation… Read More ›
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Public School Children per Housing Unit Lowest in New England
Last week, we published a post showing the number of children enrolled in public schools in different types of homes at the national level. This week, we look at the numbers by state, which vary widely. Outside of the District Columbia, the lowest numbers tend to be found in the New England states. In particular, Vermont has the smallest… Read More ›