The Census Bureau, in cooperation with the U.S. Department of Housing and Urban Development, released new home construction data for November, offering details on what is generally known as housing starts. The overall construction starts – which includes both single-family and multi-family homes – both showed increases over the revised numbers for October, suggesting a return to economic stability after a period of concern about a possible slowdown.
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
The U.S. Census Bureau released residential construction data for the month of December and the results provide further – and perhaps more convincing – proof that the housing market is showing consistent signs of improvement. Some analysts even call this a housing rebound as overall residential construction starts increased to 954,000 units or 12.1% over the revised November rate of 851,000 units.
There’s even more good news in this report that lends credibility to the housing rebound… [Read more…] about Residential Construction Rebound Getting More Convincing Based on December Data
The U.S.Commerce Department released new data today detailing an unexpected uptick in housing “starts” or the number of homes that had begun construction during the month of October. According to the report, starts in October increased to a seasonally adjusted annual rate (SAAR) of 894,000 units or 3.6 percent higher than the revised September level of 863,000.
See more on this results which were well above estimates, surprising economists… [Read more…] about A Major Housing Starts Surprise – Highest Level in 4 Years
<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