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Housing Starts in Sharp Slide in September

October 21, 2019 by Ted Leave a Comment

Photo of construction workers

As the economy continues to show more signs of a slowdown, we can’t help but notice increasing volatility in the month-to-month readings of various statistics. The latest government data on housing construction starts is a great example of this. After a big jump in August, starts dropped in September by 9.4% – a larger than normal amount – from the revised rate in August.

See the surprising slump in housing starts…

[Read more…] about Housing Starts in Sharp Slide in September

Filed Under: Economic Trends, News, Statistics Tagged With: construction, housing, housing starts, residential housing

More Mixed Signals from Housing – Starts Down, Sales Up

July 26, 2019 by Ted Leave a Comment

Housing - Photo of newly constructed home

In the choppy waters of today’s current economy, we continue to get mixed signals – this time from the housing market. Last week, we learned that residential construction starts declined in June by 0.9% below the rate in May. This week, we find that sales of newly built homes in June increased by 7% as compared to sales in May.

What should we make of developments in housing?…

[Read more…] about More Mixed Signals from Housing – Starts Down, Sales Up

Filed Under: Economic Trends, News, Statistics Tagged With: housing, housing starts, new home sales, residential construction

Buyers Slammed the Door on Sales of New Single-Family Housing

May 27, 2019 by Ted Leave a Comment

Home Designs from Homma

The latest data from the Census Bureau shows that sales of new single-family housing in April dropped to a rate of 673,000 on a seasonally adjusted annual basis. This level is down a substantial 6.9% from the adjusted rate for March of 723,000 houses sold.

See more on this drop in sales of new housing

[Read more…] about Buyers Slammed the Door on Sales of New Single-Family Housing

Filed Under: Associations, Consumer Trends, Economic Trends, Statistics Tagged With: home sales, housing, new home sales, residential, residential housing

Dec. Housing Starts Drop to Lowest Rate Since 2016

February 27, 2019 by Ted Leave a Comment

Photo of housing under construction

The U.S. Commerce Department released new data this week on housing starts for December 2018. Overall residential construction dropped to 1.08 million units on a seasonally adjusted annual rate or 11.2% lower than the November rate of 1.2 million units. This is the lowest rate of residential construction since September 2016.

See more on this key economic indicator…

[Read more…] about Dec. Housing Starts Drop to Lowest Rate Since 2016

Filed Under: Economic Trends, News, Statistics Tagged With: housing, housing starts, residential housing, starts

Pending Home Sales Decline for 3rd Month in a Row

January 31, 2019 by Ted Leave a Comment

NAR logo

In a result that was not expected by most industry analysts, contract signings to purchase previously owned homes dropped in December for the third month in a row. The news is widely viewed as yet another indicator of a housing industry slowdown, along with declining affordability and rising housing and mortgage costs.

See more on this drop in pending home sales…

[Read more…] about Pending Home Sales Decline for 3rd Month in a Row

Filed Under: Economic Trends, News, Statistics Tagged With: economy, housing, pending home sales

Troubling Sign: New Home Sales Resume Their Decline

November 29, 2018 by Ted 7 Comments

Economic Storm Clouds Continue to Build

Photo of home under constructionIn what many feel is yet another sign of a brewing economic storm, sales of new single-family homes in October showed a significant drop of 8.9% below the rate of home sales in September, according to new data from the United States Census Bureau. With this result, the inventory of new homes available for sale jumped to 7.4-months, a 14% jump in unsold newly constructed homes.

See more on this troubling report on housing… [Read more…] about Troubling Sign: New Home Sales Resume Their Decline

Filed Under: Economic Trends, News, Statistics Tagged With: housing, new home sales, residential housing

Troubling Sign: New Home Sales Drop in Sept

October 31, 2018 by Ted Leave a Comment

New Residential Sales in SeptRecently, I warned of some troubling housing related news. You may recall that a collapse in the housing sector was a key driver of the last recession in 2007-2009 that was so painful for the custom integration community, and for the country as a whole. In my report – Are You Prepared for the Coming Recession? – I noted a pronounced and troubling turn in several housing industry specific data, perhaps presaging another economic downturn. Now new government data shows that, once again, new residential sales have declined in the month of September.

See more on residential sales turning downward… [Read more…] about Troubling Sign: New Home Sales Drop in Sept

Filed Under: Economic Trends, News, Statistics Tagged With: economy, housing, new home sales

Builders Group Holds Mid-Year Construction Forecast Meeting; Economists Cautiously Optimistic

August 6, 2014 by Ted Leave a Comment

Mid-Year construction title slideThe Associated Builders and Contractors, Inc., (ABC) a builders trade association, held their third annual Mid-Year Construction Forecast presentation this week…inviting economists from three industry-related associations to present their outlook on the construction industry. This year, the invited economists included Kermit Baker (American Institute of Architects, AIA), David Crowe (National Association of Home Builders, NAHB), and their own Anirban Basu (ABC).

The economists this year were, overall, cautiously optimistic – with a heavy emphasis on caution.

See more on the presentations from the construction industry economists… [Read more…] about Builders Group Holds Mid-Year Construction Forecast Meeting; Economists Cautiously Optimistic

Filed Under: Associations, Economic Trends, Marketing, News, Statistics Tagged With: ABC, AIA, Anirban Basu, construction, David Crowe, housing, housing starts, Kermit Baker, NAHB, nonresidential construction, residential construction

Is Housing Finally Turning Up?

June 28, 2012 by Ted Leave a Comment

Housing Prices PhotoSince 2007, the housing industry has been in a long, downward slump, with only a few positive bumps along the way providing some moderation. Today, however, we may be finally seeing some of the first “green shoots” of a possible turnaround in housing with two different and unrelated reports turning in positive numbers.

Is this the beginning of a housing turnaround?… [Read more…] about Is Housing Finally Turning Up?

Filed Under: Economic Trends, News, Pivot Point, Research Tagged With: CNBC, David Blitzer, home prices, home sales, housing, recovery, S&P/Case-Shiller Home Price Index

Housing Market Data is Mixed – Why That Really is Good News

March 22, 2012 by Ben Leave a Comment

A house sits for sale in North Aurora, Illinois<March 21, 2012> An investment expert once told me that Wall Street is most dangerous when everyone agrees on the market’s direction – either up or down (bulls or bears in Wall Street parlance.) If everyone says the market is going up – then the market is likely a bubble headed towards a burst. If everyone says its going down, then we’re probably in a crash and hard times are ahead. No, it’s safest when investment and economic experts – and the underlying data they rely upon – is mixed…which is exactly where the housing market is right now. [Read more…] about Housing Market Data is Mixed – Why That Really is Good News

Filed Under: Economic Trends, News Tagged With: Department of Commerce, housing, NAR, National Association of Realtors, starts

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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