Eye On Housing
According to the Census Bureau, private residential construction spending increased for the third consecutive month in June, gaining 1.3 percent from an upwardly revised estimate for May 2012. The overall trend in private residential construction spending has been quite strong as the data expressed on a three-month moving average basis has risen in each of the last 9 months. With… Read More ›
Tag Archive for ‘single-family’
One-Fourth of All Single-Family Homes are Built in a Strip from Delaware to Florida
Traditionally, the Census Bureau reports statistics on new residential construction (including housing starts) only for the four principal census regions: Northeast, Midwest, South and West. The geography is limited by the way the sample for the Survey of Construction is drawn. In 2009, the sample was redrawn in a way that allows for slightly more geographic detail (i.e., nine census divisions). … Read More ›
Private Residential Construction Reaches Three-Year High in May
The Census Bureau’s newest release on construction spending showed a 2.8 percent increase in spending activity for private residential projects in May 2012. On a three-month moving average basis, spending has increased during each of the last 8 months. This release also featured revisions to prior estimates dating back to January 2010. While the modest upswing in total private residential… Read More ›
Private Residential Construction Spending Surges in April
Today’s construction spending release from the Census Bureau revealed a strong 2.8 percent jump in spending on private residential projects during April 2012. The initial estimates for February and March were revised from -2.2% and 0.7% to 0.1% and 0.4%, respectively. Overall, private residential construction spending has increased in each of the last 9 months. New single-family construction activity continued… Read More ›
Private Residential Construction Spending Increases in March
The Census Bureau’s newest report on construction spending showed a 0.7 percent jump in spending activity on private residential projects in March 2012. Initial estimates for January and February were revised from earlier readings of -0.1% and generally unchanged to an increase of 0.5% and a drop of 2.2%, respectively. The new single-family component for construction spending gained 3.8 percent… Read More ›
Homeownership Rate Drops to Lowest Point in 15 Years
After hovering around 66 percent in each of the last three quarters, the Census Bureau reported the seasonally adjusted homeownership rate fell to 65.5 percent during the first quarter of 2012. With this latest decline, the homeownership rate has slipped nearly 4 percentage points from its peak during the mid-2000s and its current level marks the lowest reading since 1997…. Read More ›
Spending on Private Residential Construction Finishes Year on a High Note
According to the Census Bureau, total spending on private residential construction projects increased 0.8% during December. The initial estimate for November was revised measurably lower from an increase of 2% down to an outright decline of 0.3% (due primarily to a sizable downward revision to home improvement spending), while the reported growth rate for October was bumped up to 2.8%…. Read More ›
Fed Beige Book: Modest Pace of Growth Continues for Most Districts
The latest release of the Federal Reserve’s Beige Book indicates that economic activity expanded at a “modest to moderate pace” in nearly all 12 Fed Districts. The sole exception was the Richmond District, and even there local economic activity was described as being at worst flat versus the previous reporting period. Participants noted a solid increase in consumer spending activity… Read More ›
Private Residential Construction Spending Climbs Higher in November
According to the Census Bureau, private residential construction spending increased 2% during November. While the initial estimate for October was revised lower to 2.3% (from 3.4%) this was offset by an increase in the September reading from 0.6% to 1.5%. Private residential construction spending has risen in each of the last four months. On a year-over-year basis, outlays have increased… Read More ›
Top 2011 Posts: Cost of Constructing a New Single-Family Home in 2011
With the end of 2011 approaching, the contributors of NAHB’s Eye on Housing thought it would be useful to take a look at the updates that attracted the most readers over the last year. In November, we reported NAHB analysis of the cost of constructing an average new single-family home. The results indicate that the cost per square foot of constructing a… Read More ›